6/2 Compare & Contrast Strategies

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
Your initial response should be 400 to 600 words in length and include two academic sources that are properly cited.  It is due by the end of the fourth day of the workshop.

Link – https://www.thebalance.com/what-is-competitive-advantage-3-strategies-that-work-3305828

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