Examlex
All of the following are global leadership dimensions from the GLOBE project EXCEPT the
Opportunity Cost
Opportunity cost is the value of the next best alternative forgone as the result of making a decision.
Comparative Advantage
The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than its competitors.
Absolute Advantage
The ability of an entity to produce more of a good or service than competitors using the same amount of resources.
Comparative Advantage
The ability of an entity to produce a good or offer a service at a lower opportunity cost than other entities, leading to more efficient trade possibilities.
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