Absolute Advantage is the ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group.
Comparative Advantage is the ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.
The producer that requires a smaller quantity inputs to produce a good is said to have an absolute advantage in producing that good. Comparative advantage refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another
Answer:
The answer is "C"
Explanation:
Sell fewer products in bulk to outsell their rivals.
This will help the company swell their products bit by bit but in a more effective way reaching out to the end users(consumers).
Answer:
The correct answer is letter "B": employee; customer; shareholders.
Explanation:
Kip Tindell, Chairman & CEO of The Container Store during an interview for Forbes (2014), stated that <em>a company's culture should focus on employee satisfaction since it is likely to be reflected in optimal customer service. When both, workers and clients are happy, shareholders will be happy, too</em>.
During the interview, Tindell explained that The Container Store's approach consists of giving employees better wages and training so they can keep motivated and treat consumers better which will make them return over and over again to the business. This is translated into higher profits for the company for the shareholder's satisfaction.
Answer:
C. A security's beta measures its non-diversifiable, or market, risk relative to that of an average stock.
Answer:
The first method would use prefabricated building segments, would have an initial cost of $6.5 million.
