Describe the Ways in Which Companies Gain a Competitive Advantage

question 97

Essay

Describe the ways in which companies gain a competitive advantage over other companies seeking the same customers.

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Definitions:

Ethological Displacement

A behavior that occurs when an animal or human engages in an unrelated activity to reduce stress or tension when the normal response is thwarted or impossible.

Redirected Behavior

Behavior redirected from its original target to another object or individual, often seen in animals when the primary target of an action is inaccessible.

Ambivalent Behavior

Actions or attitudes that exhibit simultaneous, often conflicting feelings towards a person, object, or situation, such as love and hate.

Evolved Mechanisms

Hereditarily acquired traits and behaviors that have been shaped by natural selection because they contribute to an organism's reproductive success.