Answer:
Comparative cost advantages is characterized by an economy's ability to produce goods and services at a lower opportunity cost than that of its competitors.
Explanation:
Basically, a person has a comparative advantage if they can produce an item at a lower cost than their competitors. Thus, if a country has the means and resources to produce a certain product for cheaper, then they have a comparative advantage.
Companies using fee-for-service revenue model charge a fee based on the value of the service provided on the web.
<h3>What is service charge?</h3>
Service charge is certain amount of money paid by an individual for a service rendered.
The amount is paid based on the charge pose on the individual.
Therefore, companies using fee-for-service revenue model charge a fee based on the value of the service provided on the web.
Learn more on service charge below,
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Interest rates are lowered by the Fed in order to boost economic development. Reduced finance costs might entice people to borrow and invest. When interest rates are excessively low, however, they might stimulate excessive growth and perhaps inflation. On the other hand, if growth becomes excessive, the Fed will boost interest rates.
Answer:
economies of scale
Explanation:
Economies of scale defines the advantage to company in terms of cost, that is with each increasing unit of output the cost for additional unit tends to decline.
All electric car segment do not currently operate or have competition as there is low market for such segments, but as the market is small for electric cars.
But as the company thinks to benefit in small scale because of economies of scale, the company might choose this electric car segment, encouraging customers, and with decreasing cost, company will be benefit.
Explanation:
This issue is related to the VRIO model, which is an analytical technique to help a company evaluate its organizational resources and make them effective and competitive in the market. The acronym VRIO stands for Value, Rarity, Imitability and Organization, which together form the necessary points for business improvement.
Analyzing the question, it is possible to see that the company focused on issues related to value, rarity and organization, so the question that should be asked to achieve a sustainable advantage is the question related to imitability, which could be: It is difficult to imitate the product at the cost of the resource or capacity?
