Business Finance Capital Budgeting

Finding good investment projects can be a daunting task, particularly when the firm faces substantial competition from other firms that are also looking for similar investment opportunities. Firms that operate in less competitive environments tend to be more profitable.  Good investments mean looking for opportunities that are advantageous over the few competitors in a market. 

What is an example of a product or service that would be a competitive advantage? In general what is a good investment?

Looking for an answer in about 125 or so words

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