Answer:
C. A capability that is superior to the competition
Explanation:
Distinctive competency of a firm simply refers to a firm’s unique capability which makes the firm stand out in an area (areas such as marketing activities, technology etc) among their competitors. Distinctive competence makes a firm have an advantage over others, as well as perform better than other competitors.
For example, the distinctive competency of Apple is their ability to create well-designed products that are customer-centric and friendly to use.
Answer:
Contact the firm's large block trading desk.
Explanation:
The reason why the registered representative would contact the firm's large block trading desk is because the order is larger than what can be handled normally on the Newyork Stock Exchange (NYSE) floor. Where large order as in the above is to be sold on the stock exchange floor, such would normally be presented to the firm's large block trading desk who will now decide on how best to handle the order; hence not the duty of registered representative.
Based on past experience, the trade desk would likely hand over the order to one of ABC's stock brokers for execution because for example, Super Display Book - NYSE automated system, which is responsible for dealing NYSE listed issues, has certain limited orders they can take.
Answers and explanation:
A) There's an absolute advantage when a nation can manufacture a product at a higher quality and faster pace than another. Comparative advantage is based on the opportunity cost of choosing an alternative option, which is the gain one forfeits. If one nation has a lower opportunity cost to manufacture a good than another it has a comparative advantage.
B) <em>Trade patterns can be easier identified using an absolute advantage</em> since it implies analyzing the worldwide market and determining what products are produced by different countries and at what speed regarding the demand of the product by other nations.
Answer:
False
Should be left to problem solving and decision making.