Examlex
If Eddie can produce 40 milk shakes or 20 banana splits in an hour, and Tina can produce 30 milk shakes or 16 banana splits in an hour, then Tina has a comparative advantage in producing milk shakes.
Geographic Scope
Refers to the physical area in which a company operates or targets for its business activities.
Value Chain Activities
The range of activities that a business performs to deliver a valuable product or service to its customers, including both primary and support activities.
Available Technology
Refers to the current technologies that are accessible for use in various industries to enhance operations, products, or services.
High Fixed Costs
A financial situation where a company has a high proportion of fixed expenses, which do not vary with the level of production or sales.
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