Given the option of being self-sufficient or trading with others as long as <u>comparative</u><u> </u><u>advantage</u> a exists, there will be potential for trade to make both parties better.
Comparative advantage is an economy's potential to produce a specific appropriate or provider at a decreased possibility fee than its buying and selling partners. The concept of comparative gain introduces possibility value as a thing for evaluation in selecting between one-of-a-kind alternatives for production.
Comparative advantage, monetary idea, first evolved by using nineteenth-century British economist David Ricardo, that attributed the cause and blessings of an international alternative to the differences within the relative opportunity costs (prices in phrases of different goods given up) of producing the identical commodities among international locations.
In an economic version, retailers have a comparative gain over others in generating a selected correctly if they are able to produce that suitable at a lower relative possibility value or autarky price, i.e. at a lower relative marginal value previous to change.
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Answer: Option C
Explanation:
Material resource planning is a planning tool used in a production company to plan and calculate the required materials for production at the right quantity and right time.
Option C is the best answer because MRP is always used in manufacturing companies and production companies to plan materials resources at the right quantity and price. With this planning, a vendor can deliver the right materials at the correct quantity as option c states
Answer:
Explanation: Which of the following is a contribution of the Red River Métis on the development
Answer:
True
Explanation:
It is TRUE that Even employment contracts may be assigned if there is no relationship of trust or confidence, or any other circumstance that would create a materially greater burden on the party whose services are being assigned.
Answer:
Allow for safeguarding internalized operating benefits
Explanation:
A value chain is a model of looking at all of your business processes and figuring out how to gain a competitive advantage by focusing on developing maximum value in your product or service, while keeping your profit margins in the green at the same time. So since the value chain activity involves looking inward to better utilize one's strength so as to increase it's competitive advantage, it will help safeguard internalized operating benefits.
