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A Competitive Advantage Based on Inimitability Can Be Sustained for at Least

question 5

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A competitive advantage based on inimitability can be sustained for at least some time if it has the following characteristics


Definitions:

Writing Requirement

A legal principle that certain kinds of contracts must be in writing to be enforceable.

Unilateral Promise

A pledge or commitment by one party to perform an act without requiring a reciprocal promise from another party.

Consideration

Something of value that is exchanged between parties in a contract, which is necessary for the agreement to be legally binding.

Performance

The action or process of carrying out or accomplishing an action, task, or function.

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