Evaluating Economic Moat

This question practices how to think about competitive advantage in a company’s business model, which is a key part of investment banking interviews because it helps explain why some businesses can sustain strong returns over time while others cannot. Candidates should focus on the evidence in performance, the sources of advantage behind that performance, and how durable those advantages are against competitors and new entrants. It tests whether you can connect financial results to the underlying business drivers, rather than just describing a company as strong or profitable.