Discuss the different types of business strategies and the requirements of a competitive advantage

Most companies consider outside competition when establishing business and staffing strategies. Discuss the different types of business strategies and the requirements of a competitive advantage.

Your response should be at least 300 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations