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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Answer:
A first-line manager for a fast food restaurant would be responsible for the day-to-day activities such as placing orders for food and paper supplies and supervising employees, as well as setting up the weekly work schedules for those employees.
Answer: Observational learning
Explanation:
Here, in this particular case our learning is most likely to be an example of the <em>observational learning</em>. Observational learning is referred to as the learning that tends to take place through monitoring the behavior and activities of the other individuals. It is most commonly known as the form of cordial learning that further takes various forms. Here, the process on switching on the TV and changing channel could have been learned from watching his/her parents.
Answer:
reducing sales fluctuation
Explanation:
