Can you think of a product or service that has a competitive advantage? Tell us what and why!
How does the local, state, or national economy affect your business or place of employment? Provide at least two examples.© BrainMass Inc. brainmass.com October 2, 2020, 2:41 am ad1c9bdddf
Product that has competitive advantage: Apple iPhone
The product enjoys competitive advantage just like any other Apple product because of the brand "Apple" that has multiple products that integrate as one.
The economy has tremendous impact on the way businesses are done. A favorable economy could provide numerous opportunities for growth and expansion while an unfavorable economy could hamper business prospects. A business cannot operate in a standalone mode; there is a micro-environment and macro-environment which the business has to consider when devising operating ...
The expert examines the product or services with competitive advantages.