Examlex
Identify the characteristics of intrapreneurs.
Comparative Advantage
The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors.
Opportunity Cost
The expense incurred by not choosing the second-best option when making a decision or selection.
Comparative Advantage
The capacity of an entity to generate a product or service with a smaller opportunity cost than others.
Absolute Advantage
The capacity of an entity to manufacture a product or provide a service more effectively than its rivals, by utilizing fewer resources.
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