A competitive advantage is typically temporary, unless it is a first-mover advantage.

Question

Quizplus · Accepted Answer

A competitive advantage can be both temporary or sustainable depending on various factors such as innovation, brand reputation, customer loyalty, and cost efficiency. A first-mover advantage can provide a temporary competitive advantage, but it is not the only way to sustain an advantage in the long term. Companies can also create sustainable advantages by continuously improving production processes, investing in R&D, building strong customer relationships, and cultivating a unique corporate culture.

A Competitive Advantage Is Typically Temporary, Unless It Is a First-Mover