Examlex
Magnetic clutches are divided into three components. What are they?
Barriers To Entry
describe the obstacles or hindrances that prevent new competitors from easily entering an industry or area of business.
Sustained Competitive Advantage
An enduring edge over competitors gained by offering consumers greater value, either through lower prices or by providing more benefits that justify higher prices.
Difficult To Imitate
Referring to a unique characteristic or attribute of a product or service that competitors find hard to replicate.
Supplier Power
The ability of providers of goods or services to influence the terms and conditions of supply, affecting market prices and the competitiveness of buyers.
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