Ask Question
30 August, 14:28

Alligator Enterprises has earned above-average returns since its founding five years ago. No other firm has challenged Alligator in its particular market niche; therefore, the firm's owners can feel secure that Alligator has established a competitive advantage. T/F

+2
Answers (1)
  1. 30 August, 17:45
    0
    The correct answer is False.

    Explanation:

    A company has a competitive advantage when it has a unique and sustainable advantage over its competitors, and this advantage allows it to obtain better results and, therefore, to have a superior competitive position in the market.

    In this case, it cannot be said that Alligator has a real competitive advantage, because at any time some other company can also get involved in its main niche, which would affect its performance exponentially.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Alligator Enterprises has earned above-average returns since its founding five years ago. No other firm has challenged Alligator in its ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers