Describe how Costcohas developed a sustainable competitive advantage.Who are Costco’s competitors (both direct and indirect)? How does Costco compare to these competitors in terms of its size, market...

1 answer below »



Describe how Costcohas developed a sustainable competitive advantage.



Who are Costco’s competitors (both direct and indirect)? How does Costco compare to these competitors in terms of its size, market dominance/share, sales, profitability, etc.? What is Costco’s competitive strength/competitive differentiation? How do they try to compete? Are their strategies that have not worked for them? What retailers have they identified as competitive threats? Why?
Answered 2 days AfterJan 28, 2023

Answer To: Describe how Costcohas developed a sustainable competitive advantage.Who are Costco’s competitors...

Deblina answered on Jan 30 2023
37 Votes
Response to Questions 2
RESPONSE TO QUESTIONS
Table of Contents
Response to Questions    3
References    5
Response to Questions
The most spectacular aspect of Costco is its use of membership to drive customer loyalty. The most significant differentiation strategy is the prospect that the members can shop at Costco which allows it to offer product in bulk lower prices than its competitors. This can create an effective demand among to the consumers which is one of the most significant competitive strategies for the organisation. This is also considered to be a spectacular sustainable competitive strategy as due to high sales volume it can exceptionally be efficient due to lower variable cost and demonstrate key strategy to keep the prices down. The sustainability is also attended by the fact that it has a supply chain and distribution network that is robust and are affordable. This affordability concern can be relevant in terms of the thriving employee culture and growth...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here