Comparative Advantage Is

question 29

Multiple Choice

Comparative advantage is

• A)Similar to competitive advantage.
• B)A local responsiveness solution.
• C)Where the company can produce the cheapest.
• D)Advantages of nations over other nations.

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Definitions:

Anticipation

The action of expecting or predicting something to happen or be forthcoming.

Brainstorming

A creative group activity aimed at generating a large number of ideas or solutions for a specific problem or challenge.

Cross-Functional Teams

Groups composed of members from different departments working together towards a common goal.

Diversity

The inclusion of individuals representing more than one national origin, color, religion, socioeconomic stratum, sexual orientation, etc.