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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Statitistics boost credibility, makes for better speech. True
Answer:
That statement is true
Explanation:
Motivated by profit, the Dutch eventually return to Jamestown and brought more african slaves with them. As promised, the planters of Jamestown purchase the slaves again.
Over the time, the planters realized that utilizing slaves for their farm actually very beneficial for their business. Because of this, the demand for slaves keep coming from other planters. That is how the slavery become a business in western world.
Answer:
I think one way taxes help our econmey is that they give money to the government, which they distrubite among the needs of the public.
Explanation:
