Below is a list of five American companies. After choosing one of them, use the following article What Is Competitive Advantage (link)? as a basis for examining the company’s competitive advantage.
McDonalds
Tractor Supply Company (TSC)
Dollar Tree
Sherwin-Williams
Beyond Meat
Compile a post that demonstrates how your firm of choice could use economics to either create a competitive advantage in the marketplace or perhaps reinforce its already-achieved competitive advantage. Make sure you address the full range of economic issues, including scarcity, markets/competition, pricing power (price elasticity), costs, market structure, macroeconomic climate, and global market positioning. Note, not all of these companies have a global strategy in place. Should they? Explain your answer
Link - https://www.thebalance.com/what-is-competitive-advantage-3-strategies-that-work-3305828
Sample Solution