Table 2-12 Table 2-12 Shows the Number of Labor Hours

question 166

Multiple Choice

Table 2-12
Table 2-12 shows the number of labor hours required to produce a canoe and a sailboat in Guatemala and Honduras.
-Refer to Table 2-12. Honduras has a comparative advantage in the production of

• A) canoes.
• B) sailboats.
• C) both products.
• D) neither product.

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Definitions:

Core Competencies

Core competencies are special strengths that give an organisation a competitive advantage.

Organisational Controls

Mechanisms put in place within an organization to guide, regulate, and monitor its activities towards achieving set objectives.

Organisational Culture

The system of shared beliefs and values that develops within an organisation and guides the behaviour of its members.

Innovation Process

The series of steps involved in developing new products, services, or methods, including ideation, development, and implementation.