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Use the full set of microeconomic and macroeconomic tools to completely analyze cases from all aspects of the economic spectrum. Review the rubric to make
Use the full set of microeconomic and macroeconomic tools to completely analyze cases from all aspects of the economic spectrum.
- Review the rubric to make sure you understand the criteria for earning your grade.
- Below is a list of five American companies. After choosing one of them, use the following articleWhat Is Competitive Advantage?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
- Your initial response should be 400 to 600 words in length and include two academic sources that are properly cited.
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