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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The correct answer is C. Physiological needs
Explanation:
In Maslow's Hierarchy of Needs, there are five different levels. In the case of physiological needs, these are on the first level, this means, they are the most basic needs and if these are not met other needs will not be met. Physiological needs include food, water, shelter, and even clothes that are necessary for you as a living organism.
Seamus is having trouble meeting his physiological needs because due to lack of education and skill he can only earn a minimum wage and a result of this, he finds difficult to pay rent and bills which means shelter and utilities such as water or electricity are at risk and also he is not eating as he should so his need for food is not completely fulfilled.
May laws would be passed, not only that think of some of the laws now and think of the laws that would be passed with out the supreme court
They wanted to expand their empire, they wanted to increase their power, and they also wanted to increase their wealth.
