Question

Firm is successful in achieving____ only after other firms effort to duplicate or imitate it are failed​

Answer 1

Answer:

Here is your answer

We all agreed; it was a magnificent evening.

Answer 2

Answer:

Firm is successful in achieving Competitive Advantage only after other firms effort to duplicate or imitate it are failed​.

Explanation:

Competitive Advantage are all the factors that helps a company to produce goods or services at Competitive price which no other firm can re-produce. This allows the producer to generate more sales and huge margins as compared to its competitors.

Benefits of Competitive Advantage

• First mover advantage
• Time based advantage
• technology based advantage
• Cost based advantage