Explain Why Competitive Advantages Are Typically Temporary

question 85

Essay

Explain why competitive advantages are typically temporary.

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Definitions:

Logistics Costs

Expenses involved in the procurement, storage, and transportation of goods from the manufacturer to the end user.

Retail Price

the final cost at which a product is sold to consumers, including any markups by retailers.

Supply Chain

The network of all the individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and ultimately to the end consumer.

Responsive

The capacity to quickly and effectively adjust to new conditions or changes.