Long-lasting competitive advantages include

Question

Quizplus · Accepted Answer

Long-lasting competitive advantages are achieved by having a combination of factors, including proprietary technology, protected markets with high barriers to entry for other firms, and strategic assets that competitors cannot easily duplicate. Simply having one of these factors may not be enough to sustain a competitive advantage over the long-term. However, having all three factors provides a strong foundation for long-term success in the market.

Long-Lasting Competitive Advantages Include