Question: What does it mean to have a competitive advantage in the market? Pick a product category (such as hamburgers), and list several companies (such as

What does it mean to have a competitive advantage in the market?

Pick a product category (such as hamburgers), and list several companies (such as McDonald's, Burger King, Wendys, a local burger restaurant that is not part of a chain), and itemize the strengths and weaknesses of each. Think along several lines: food quality and variety, price, store atmosphere, location, service, etc.

What is each companys competitive advantage in relation to the others?

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