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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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When Coca-Cola focused on developing its soft-drink business but missed seeing the market for coffee bars and fresh-fruit-juice
Nitella [24]

Answer:

A. marketing myopia

Explanation:

  • The terms marketing myopia is a term that is used to suggest the business that will do better in the end if they tend to focus on the customer's needs than on the selling products.  
  • In actuality, the business had to fail due to the short-sighted mindset and that of the cocoa cola on making its soft drinks business but did not see the tastes and preferences of the markets, like the coffee bars and the fresh fruit and the juice bars that eventually impinged on the soft drink business.
3 0
3 years ago
Comparative advantage emerges because of the presence of a. trade. b. differing opportunity costs. c. marginal benefits that equ
Firdavs [7]

Answer:

my answer is A-trade bc

is the comparative advantage emerged

6 0
3 years ago
Most goods can be classified as normal goods rather than inferior goods. The definition of a normal good means that:
ra1l [238]

Answer:

A normal good is a good whose demand increases when income increases

Explanation:

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls

Inferior goods are goods whose demand falls when income rises and increases when income falls.

For example, if when your income was $100,000 per annum, you had one car but when it increased to $500,000, you bought two more cars. Car is a normal good

6 0
3 years ago
which of the following statements is true with regard to best operating level? group of answer choices in underutilization, aver
ale4655 [162]

When it comes to the best operating level, all of the above are correct.

The <u>best operating level</u> is where all resources are being utilized effectively and marginal revenue is equal to marginal cost. If there resources are not being utilized effectively, the following will happen:

  • Average unit cost increases as a result of underutilization - the units available are not being utilized effectively which means that the company is incurring more cost than it should per good produced.

  • Average unit cost increases as a result of overutilization - units are being overused which is forcing the company to incur expenses to replace the overused resources.

At the <u>best operating level</u> however, average cost will be at a minimum because the goods are being used effectively and efficiently.

In conclusion, it is best for a business when they operate at an efficient operating level.

<em>Find out more at brainly.com/question/13912123.</em>

3 0
2 years ago
The common characteristic possessed by all assets is:
kotykmax [81]

Answer:

the capacity to provide future services or benefits.

Explanation:

7 0
2 years ago
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