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miv72 [106K]
3 years ago
5

True or false?

Business
1 answer:
IRISSAK [1]3 years ago
8 0

Answer:

The statement is: True.

Explanation:

A competitive advantage is an advantage an individual, organization or country has over its competitors. That competitive advantage can be a comparative advantage when the entity has found a way to implement lower opportunity costs in its production process or a differential advantage if the firm provides a product or service with a unique feature difficult to replicate by competitors.

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Why is it important to understand money behavior is 80% and you have with your money and 20% is knowledge
musickatia [10]

Answer:

because it is always good to have money and understand and then save it and spend it wisely

Explanation:

7 0
3 years ago
A turnkey project includes Multiple Choice government investment. construction up to but not including actual production. direct
Tema [17]

A turnkey project includes construction up to but not including actual production. Option B. This is further explained below.

<h3>What is construction?</h3>

Generally, construction is simply defined as the process of erecting a building.

In conclusion, The building process, but not the manufacturing itself, is included in a turnkey project.

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3 0
2 years ago
The case mentions that deutsche telekom has invested heavily in huawei’s services because it came at a competitive price. Based
Flura [38]

As the deutsche telekom has invested heavily in huawei’s services because it came at a competitive price and based on what you know about how companies expand internationally, this would be an example of an <u>outsourcing</u>.

<h3>What is an outsourcing?</h3>

This refers to the business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff. Most time, it is a business practice that are usually is undertaken by companies as a cost-cutting measure, thus, it can affect a wide range of jobs from customer support to manufacturing to the back office.

Therefore, this scenario given would be an example of an <u>outsourcing</u>.

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4 0
11 months ago
g In the theory of comparative advantage, a good should be produced in that nation where Multiple Choice the production possibil
Lady_Fox [76]

Answer:

its cost is least in terms of alternative goods that might otherwise be produced

Explanation:

Comparative Advantage

This is simply explained as when an individual has an opportunity cost of performing a task is lower than the other individuals opportunity cost that is it is more efficient. It is the usual fundamental basis for international trade. Its principle includes production at a maximum peak to be achieved if each individual focus on the job or activities for which his or her opportunity cost is lowest.

Opportunity Cost

This is simply known as the highest valued of an alternative that must be given up so as to be involved or engage in an activity/job or task. There are several sources of a comparative advantage. They includes;

1. Climate and natural resources

2. Relative abundance of labor and capital

3. Technology

4. External economies etc.

3 0
3 years ago
Graduate degrees in the fields of law, business, and medicine are considered to be
Ulleksa [173]
Graduate degrees in the fields of law, business, and medicine are considered to be

a. professional degrees
6 0
3 years ago
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