Question

Warren Buffett and Berkshire-Hathaway have a reputation for fair dealing and a hands-off approach to management. Because of this, company founders who are planning for retirement will negotiate with him. Other investors may not even hear that a firm is for sale until the sale is announced. Berkshire Hathaway’s culture has created a ________.

Answer 1

Answer:

The answer is a competitive advantage.

Explanation:

Competitive advantages refer to some conditions that allow a company or country to make some goods or services that have the same price. These goods or services are offered at a lower price. All these conditions allow that the companies have more sales or better margins in comparison to the other companies that exist in the market.

The advantages related to these conditions consist of the existence of some factors that include structure, branding, the quality of product offerings, as well as customer service.    

Answer 2

Answer:

competitive advantage

Explanation:

Competitive advantage are business strategies used by a company that makes them more desirable compared to other rival company in a competitive market environment. Competitive advantage is also aimed at bringing in more sales than competitors. Example of these strategies may include cost, improved quality or quantity e.t.c.

From this question, Berkshire-Hathaway's reputation for fair dealing and a hands-off approach to management has created competitive advantage over other investors