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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A King or Queen would be in a Monarchy.
Answer:
Waste rock and mine tailings can result in releases to water and soil. Acidic drainage and the leaching of metals from the mine workings and mine wastes may occur at metal mines.
Explanation:
Answer:negative correlation
Explanation:
This is a correlation where there is an opposite relationship between two variables which means when one variable increases the other variable decreases.
He studied a relationship between sex satisfaction and the length of marriage and the result showed that people who have been married long were no longer sexually satisfied.
So as the years of marriage increased, sexual satisfaction decreased which shows opposite relation between these two variables.
