Answer:
is a feature of a product or service on which customer places a greater value than they do on similar offerings from competitors.
Explanation:
Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.
This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.
In conclusion, competitive advantage is a feature that makes a customer to place a greater value on the product or service of a particular company than they do on similar products or services from its competitors (rivals) in the same industry.
Answer:
The East Asian Financial Crisis of the 1990s:
Was associated with moral hazard and fixed exchange rates.
Explanation:
The countries which suffered adverse distress from the financial crisis were Indonesia, South Korea, and Thailand. The financial meltdown followed the collapse of the hot money bubble, whereby high interest rates and fixed foreign exchange rates were pegged to the U.S. dollars by these mostly exporting countries. The practice largely favored these Asian exporters until the bubble burst, starting from July of 1997. And the consequences and lessons now remain Economics and History topics.
The current U.S. economy is based primarily on the production of services. Services are expert work performed by teams for customers, such as products, accountancy, consultation, banking, cleaning, education, insurance, and treatment, for example.
Answer:
Nearly 65 percent
Explanation:
They revealed that NEARLY 65 percent of the responding companies tend to believe that their Human Resources group plays an important and vital role in developing human capital because HUMAN CAPITAL is an important tool for any company or organisation to succeed reason been that human capital requires creating a conducive environment where workers or employees can learn, develop and apply ideas that are innovative, develop their skills, character, attitudes and be productive for the betterment of their self including that of their company or organisation .