Question
BearCreek company sells fishing poles. BearCreek has very loyal customers because it is a local company. They are able to charge $50 for a fishing
"BearCreek company sells fishing poles. BearCreek has very loyal customers because it is a local company. They are able to charge $50 for a fishing pole that costs $20 to produce. OutDoor fishing is a large corporation. They can only charge $40 for the same fishing pole, but they can produce the fishing pole for $15. This is a good example of"
1. OutDoor fishing having a competitive advantage over BearCreek because they can produce fishing poles cheaper.
2. "BearCreek having a higher economic value than OutDoor fishing, giving BearCreek a competitive advantage over OutDoor fishing."
3. BearCreek being a better company because their customers will pay more for fishing poles.
4. OutDoor fishing using their competitive advantage of being a bigger company to have a higher economic value than Bear Creek. 5. OutDoor fishing having lower quality products because they can produce fishing poles cheaper.
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