Lowe’s have a discernible competitive advantage?, business and finance homework help

Anonymous
timer Asked: Mar 25th, 2017
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Question Description

Discussion the following questions.

(1)How would you describe the competitive nature of the home improvement industry? Does either Home Depot or Lowe’s have a discernible competitive advantage? If not, does that mean that neither firm has an advantage?

(2) What is market selection and what are the positive and negative connotations associated with it?

Just around 300 words

Tutor Answer

Prof_FrancisN
School: UT Austin

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Home Improvement Industry
Home improvement industry leaders in the USA are Home Depot and Lowe’s. The
competitive advantage between two companies is low since the products offer a low level of
differentiation. However, Lowe’s tries to take competitive advantage against Home Deport by
selling their products at slightly lower prices. On the other hand, Home Depot has also played its
role well ...

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