Define Competitive Advantage. What Are Its Four Building Blocks

question 9

Essay

Define competitive advantage. What are its four building blocks?

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Definitions:

Mental Abilities

Cognitive functions and processes that include reasoning, memory, attention, and language comprehension, enabling individuals to learn and solve problems.

Babbling

An early stage in language development where infants produce sounds or syllables repetitively without specific meaning, often seen as a precursor to speech.

Schemes

Cognitive structures or frameworks for organizing and interpreting information, used by children to understand the world as they grow and learn.

Sensitive Period

A specific time in an organism's development when it is more responsive to certain stimuli and quicker to learn particular skills.