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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Advantage on the left and disadvantage in the right hope this helps :)
<em>The correct answer is b. quotas. This is the a limit of quantity of a product coming into a country that a goverment imposes in order to protect domestic producers. However, quota causes an important profit lost because the goverment does not earn a tax revenue, so it is less frequently used than the tariffs. </em>
The answer is the middle one
financial advisors are constantly managing the emotions of their clients based on downturns in the market and this can lead to a high level of stress so yes being a finance manager is stressful
