Assignment: Principles Of Marketing
One of your goals throughout the NewShoes simulation is to remain competitive so that your company can be successful in the long term. How would you define competitive advantage? Why is it important in the athletic industry to differentiate your business from the competition from a marketing standpoint? Share 3-5 ways that you will ensure that consumers see you differently from your competitors. Provide an example of a firm that has clearly succeeded in standing out from its competitors. How does this firm's business strategy help it to be unique in some way?
• How does competitive advantage change in different products or industries?
• Differentiate between competitive advantage, sustainable competitive advantage and strategic competitive advantage.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.