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The Text Describes Firms Like Netflix and Southwest, Which Operate

question 54

Essay

The text describes firms like Netflix and Southwest, which operate in competitive markets but successfully differentiate themselves from the competition. This gives them a sustainable competitive advantage. What is a sustainable competitive advantage? Describe an example of a product or business you have encountered that has developed sustainable competitive advantage. Why is that product or firm advantage sustainable?


Definitions:

Voir Dire

The process of questioning potential jurors to ensure that the jury will be made up of unbiased individuals.

Jury

A group of citizens convened to render an impartial verdict (a finding of fact on a question) officially submitted to them by a court.

State Court

State courts are judicial bodies within the individual states of the United States that deal with matters under state laws and jurisdiction.

Confidential Nature

Pertaining to information or data that is intended to be kept secret or private, often due to its sensitivity or value.

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