What Is a Competitive Advantage and Why Does an Entrepreneur

question 20

Essay

What is a competitive advantage and why does an entrepreneur need it?

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Definitions:

Electrocardiogram

A medical test that records the electrical activity of the heart to detect heart problems.

Cognitive Task

A task designed to assess or engage cognitive functions such as memory, attention, or problem-solving.

Ceiling Effect

The ceiling effect occurs when a test's scoring range is too low, preventing the instrument from effectively distinguishing between high-performing individuals or variables.

Performance Level

The degree or standard of a person's or object's capacity to carry out a task or activity.