Sustainable Competitive Advantage: Definition, Concept & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Competitive advantage ___________.

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1. Sustainable competitive advantage is defined as ______________.

2. Walmart is an example of a company with a sustainable competitive advantage because of _____________.

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About This Quiz & Worksheet

This quiz covers information that is essential for businesses. You will need to be able to complete a sentence with the correct definition and answer a question based on a business example.

Quiz & Worksheet Goals

You will be tested on the following:

  • Competitive advantage
  • Factors of a sustainable competitive advantage
  • Difference between competitive advantage and sustainable competitive advantage

Skills Practiced

You will practice these skills:

  • Reading comprehension - ensure that you draw the most important information from the related business lesson
  • Making connections - use your understanding of the concept of sustainable competitive advantage and apply it to an example of a specific company
  • Critical thinking - apply relevant concepts to examine information about businesses in a different light
  • Interpreting information - verify that you can read information regarding competitive advantage and interpret it correctly

Additional Learning

Make sure to also view the related lesson, Sustainable Competitive Advantage: Definition, Concept & Examples. The lesson covers these same topics in a more in-depth way, including:

  • How companies develop strategies to achieve and maintain a competitive advantage
  • The main components of profit
  • Real world examples of sustainable competitive advantage
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