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Alexandra [31]
4 years ago
12

“Choosing is Refusing” means individuals face an opportunity cost with each decision they make. Explain this further.

Business
1 answer:
gulaghasi [49]4 years ago
3 0
When you make a decision means that you take an action course and leave othe free. You take advantage of some oportunities but "lose" other oportunities. Those opportunities that you let go  are the opportunity cost in which you incurr any time that you choose. Your economical analysis (and probably in all life dimensions) must include the opportunity costs to  make a decision that leaves you better than you would be if you had taken a different decision, this is your expected benefit should overcome the opportunity cost.
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Huawei is a Chinese telecommunications company that entered the business of selling smartphones and today is configured as the third largest smartphone manufacturing company in the world, behind only Samsung and Apple. This is an attractive market for the treatment of technological innovations so relevant to an information age that we live in today.

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<u>2.</u><u> What are the sources of Huawei's competitive advantage in the smartphone industry?</u>

The sources of Huawei's competitive advantages come from the special features that its smartphones have, such as technology interaction, fast system, product multifunctionality and chosen as the cell phone with the best camera in the world.

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<u>3</u><u>. How sustainable is their competitive advantage in the smartphone industry? What should they do to sustain its competitive advantage? </u>

Smartphone companies must sustain their competitive advantage through technological product innovations, as consumers increasingly need digital technology to meet their desires and needs with a device that fits in the palm of the hand.

It is important that the industry has a vision of the constant transformation and adaptation that this sector requires.

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<u>4.</u><u> What role does Hauwei's global strategy play in contributing to its competitive advantage in the industry?</u>

The role of Huawei's global strategy in contributing to its competitive advantage in the sector is to supply devices with the highest technology at a competitive price, observing technological changes and anticipating the needs of consumers, offering a quality and innovative product with highest degree of technology available on the market.

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