Question: The source of a competitive advantage is superior value creation. Managers must understand how value creation and pricing decisions affect demand and how costs change with increases in volume. They must have a good grasp of the demand conditions in the company's market, and the cost structure of the company at different levels of output, if they are to make decisions that maximize the profit-ability of their enterprise. In this assignment, you will consider which components are most important to maintaining competitive advantage. I need this answered Like ASP!!!
Please respond to all of the following prompts:
Select three of the components of building and maintaining competitive advantage that you think are most important. Explain why these are the most significant.
In your opinion, which is more difficult and why: establishing initial competitive advantage or sustaining it over time?
I need this answer like ASP!!