Because Casey can type reports faster and more accurately than Ahmet, Casey has an absolute advantage in typing reports.
This is further explained below.
<h3>What is
the absolute advantage?</h3>
Generally, The capacity of a party to provide an item or service more effectively than its rivals is the foundation of the idea of absolute advantage.
Adam Smith, a Scottish economist, originally introduced the idea of absolute advantage in 1776 when discussing international commerce and utilizing labor as the only input.
In conclusion, Casey has an unbeatable edge in terms of typing reports as compared to Ahmet due to the fact that Casey can write reports more quickly and precisely.
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Explanation:
The organizational level goal is to become market leader.
Strategy :
Selecting to the right market.
- S -- The market should be such selected that it should deal with limited products or a single product. market should be a narrow market.
- M -- It is better when there is less competition.
- A -- There is a good change to success because the goods that are already available are very few and the people demand for a change.
- R -- The opportunity is more when quality goods are supplied more.
- T -- The thorough research should be done regarding which item should be sell so to gain the customers.
Answer: Marketable securities
Explanation: Marketable securities are shares and bonds that can be easily sold on the market due to the demand for them by investors. When in need of cash, they can be converted to monetary value without any considerable loss.
In contrast, inventories are not as liquid as they require time to convert to money. Accounts payable and Accounts receivable are the same and may even never be converted to cash in which case they will be written off as bad debts.
Answer:
Culrural relativism
Explanation:
This idea was first originated in the anthropological research by Franz Boas in the first few decades of the 20th century and later popularized by his students.
It suggests that a person's behaviour cannot rightly be evaluated by a culture outside of his own. In other words, to understand ones behaviour, it should be analyzed paying attention to his culture.
