How Do You Decide Whether Your Competitive Advantage Is Strong

question 46

Essay

How do you decide whether your competitive advantage is strong enough? Give an example.

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Definitions:

Convergence

The act of coming together or the degree to which two or more things approach being similar or consistent.

Perceptual Cues

External hints or signals that can be perceived by the senses, used to identify or infer information about the environment.

Perceptual Illusions

Misinterpretations or misunderstandings of how our senses perceive the environment.

Figure-Ground

A visual perception principle where the viewer can distinguish an object (the figure) from its surrounding environment (the ground).