Question

XYZ printing is building a dominant position as the low-cost leader in the 3D printer market. Three resources the firm can draw on to build a sustainable advantage are(1) an efficient supply chains and manufacturing system, (2) internal control systems to minimize cost, and (3) competencies in the R&D of electronic products. This set of competencies will make it harder for later movers to imitate. This is an example of using ________ conditions to build protection in the 3D printing market.

Answer 1

Answer:

Favorable market condition

Explanation:

Favorable market conditions are business friendly environment that aids the start , growth and profitability of business.

Its major advantage is that it gives an edge over competitors and new entrants .

The major principles of identifying favorable market conditions are market definition , market size and growth rate , identifying and analyzing competitors , analyzing market channels and running a PEST analysis.