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2 January, 11:57

Grant argues that resources in efficient financial markets are equally available to all participants, but in industrial markets resources are "specialized, immobile, and long-lasting." What opportunity does he suggest that this disparity provides in industrial markets, but denies to financial markets?

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  1. 2 January, 12:58
    0
    The opportunity was purchasing shares to specific customers.
  2. 2 January, 15:29
    0
    An opportunity for sustainable competitive advantage

    Explanation:

    Sustainable competitive advantage refers to the uniqueness that a business has that makes it stand out among its peers.

    Among the key things that creates sustainable competitive advantage are strategic assets, distinct brands, low-cost advantage.

    A company that has discovered a rear vaccine for a major disease may go ahead to patent it such that for a number of years a competitor is prevented from producing its kind.

    Some companies' powerful brands gives them a strong edge when compared to other businesses because consumers naturally have a loyalty for such powerful brands.

    Low cost advantage means the ability to produce at very low cost per unit which then translates to selling at a lower than competitor's price and gaining a larger market share
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