Question: A) Can you define competitive advantage? B) What is a SWOT analysis? Why do businesses use it? C) Name and briefly explain the 3 types

A) Can you define competitive advantage?

B) What is a SWOT analysis? Why do businesses use it?

C) Name and briefly explain the 3 types of competitive advantage. Use information from the textbook to support your argument.

D) Name the 3 main tools that are useful to measure the financial performance of business? Use information presented in class to support your argument.

E) Name and explain the 4 phases of management.

F) 1- Pick your favorite business & identify its competitive advantage.

2- Explain why you think that the business you selected has chosen this type of competitive advantage over the 2 other types.

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