A nation's competitiveness depends on the capacity of its industries to <u>innovate and upgrade</u> and thereby maintain its competitive advantage.
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What is competitive advantage?</h3>
- A company's ability to produce goods or services faster, more efficiently, or for less money than its competitors is known as a ccompetitive advantage.
- These elements enable the producing unit to outperform its competitors in terms of sales or margins. Cost structure, branding, the standard of the product offers, the distribution system, intellectual property, and customer service are just a few examples of the variables that are thought to contribute to competitive advantages.
- Comparative and differentiated advantages are two types of competitive advantages.
- A corporation has a comparative advantage if it can create a product more effectively than a competitor, which increases profit margins.
- When a company's products are regarded as both distinctive and of greater quality than those of a competitor, this is known as having a differential advantage.
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The answer is scientific method.
The scientific method was a new way to solve problems and conduct research in the 17th century. It is a process for experimentation that is used to explore observations and answer questions.
Answer:
B
but in my opinion all of them can be right but in this case its B
Explanation:
I have big brain
Answer:
Evaluation of alternatives
Explanation:
in this step, consumer narrow down choices deciding on feasibility, and comparing the pros and cons of each remaining option.
