Final answer:
Not all competitive advantages are short-lived. Some businesses can maintain a competitive advantage for a longer period of time.
Step-by-step explanation:
False
Not all competitive advantages are short-lived. While some competitive advantages may be temporary and can be overcome by other firms in the market, there are instances where businesses can maintain a competitive advantage for a longer period of time.
For example, a company that invests heavily in research and development to develop innovative technologies or products can establish a long-lasting competitive advantage. This advantage can be sustained if the company continues to innovate and stay ahead of its competitors.