Briefly Identify the Four Conditions Used to Achieve a Sustainable

question 62

Essay

Briefly identify the four conditions used to achieve a sustainable competitive advantage by companies.

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Definitions:

Lessor

An entity or individual that leases or rents out an asset to another party, known as the lessee.

Lessee

A lessee is an individual or entity that leases an asset from another party, known as the lessor.

Lease Contract

is an agreement wherein one party allows another to use an asset, such as property or equipment, for a specified period in exchange for payment.

Banker

A professional in the banking industry who deals with the management, operation, and provision of banking services to consumers and businesses.