Examlex
What is a virtual brand community? Give an example that demonstrates the concept.
Austria
A landlocked country in Central Europe, known for its mountainous terrain, historic cities, and rich cultural heritage.
Italy
A country located in southern Europe, known for its rich history, art, architecture, fashion, and cuisine, forming a boot-shaped peninsula into the Mediterranean Sea.
Value Creation
The process by which goods or services are provided that offer value to customers, thereby generating benefit to the producer or provider.
Comparative Advantage
a principle of economics that states a country or entity should produce goods and services for which it has a lower opportunity cost than its trade partners.
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