Answer: Overall Cost Leadership
Explanation:
Porter posited that one way a company can attain a competitive advantage in an industry is by overall cost leadership.
This means that the company needs to be able to produce goods and services in a cheaper and more efficient way than its competitors because then it can sell its products for cheaper prices and capture more market share.
One way of achieving cost leadership is by constructing efficient, large-scale facilities that will enable the company to take advantage of economies of scale and achieve less costs per unit.
Answer:
Investment is equal to 890 million.
Explanation:
Investment refers to the money that is used to produce goods. Investment can be calculated by adding the private savings, the public savings that is determined by subtracting the government spending to the taxes received and the trade deficit that refers to the imports minus the exports.
I= S+(T-G)+(M-X)
S= private savings
T= net taxes
G= government spending
M= imports
X= exports
I= 990+(699-999)+(600-400)
I=990-300+200
I= 890
Answer:
B. What must be given up to acquire it
Explanation:
The opportunity cost is the cost which is to be sacrificed to gain for some better option
Since in the given case the aunt is thinking to open a hardware store but it will cost her $500,000 for rent and the to purchase the stock
And, also she also have to quit her accountant job for $50,000
So in this option quitting the job is to be considered as an opportunity cost
Answer:
The theory of absolute advantage
Explanation:
The theory of absolute advantage is a quantity-based approach to measuring the productivity of nations with respect to their output in international commercial dealings.
The theory was an Adam Smith's submission that emphasizes that nations of the world should specialize in producing goods and services that they are most productive.
The theory failed to address a major problem that in gaining a benefit another alternative benefit is lost,hence nations should also factor in the benefits they lose when they specialize in producing certain products.
