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Elina [12.6K]
3 years ago
7

The notion of competitive advantage means that:

Business
1 answer:
Elenna [48]3 years ago
4 0

Answer:

The correct answer is A. A successful firm will stake out a position unique in some manner from its rivals.

Explanation:

A competitive advantage is any characteristic of a company, country or person that differentiates it from others by placing it in a superior relative position to compete. That is, any attribute that makes it more competitive than the others.

The attributes that contribute to having a comparative advantage are innumerable. But we can cite as an example the advantageous access to natural resources (such as high-grade minerals or low-cost energy sources), highly skilled labor, geographical location or high barriers to entry, which can be enhanced if we have a product that is hardly imitable Or we have a great brand.

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The graph below represents the low-wage labor market demand curve for a U.S. city; there is also a line (MinWg) showing a $12 ho
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The new ordinance will make a difference when the new wages will be binding.

<h3>How to depict the information?</h3>

It should be noted that the supply curve shows the relationship between the price and the quantity supplied.

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On the other hand, when the equilibrium wage is below the minimum wage, it'll make a difference for the worker.

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3 years ago
Oxley throws a rock intending to hit pieter but misses and hits ricardo who sustains an injury. ricardo can most likely recover
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The Role of Marketing information systems

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I hope you find this information useful and interesting! Good luck!

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