Comparative Advantage Is

question 186

Multiple Choice

Comparative advantage is

• A) the ability to produce more output from given inputs than another producer can.
• B) the ability to produce a good at a lower opportunity cost than other producers.
• C) the ability to produce more output of all goods than anyone else can.
• D) the ability to produce all goods at lower costs than anyone else can.

Describe the role of human capital in achieving competitive advantage and the different types of human capital.

Differentiate between various international and domestic HR practices and their importance in global operations.

Comprehend the significance of performance management in nurturing and evaluating employee performance.

Understand the implications of employee turnover and strategies to mitigate it.

---

Definitions:

Advertising

Advertising is the act of promoting products, services, or brands through various media channels to inform, persuade, and influence the purchasing decisions of targeted audiences.

Sales

The activity or business of selling goods or services to customers, often measured by the volume of transactions or revenue generated.

Studying

The act of devoting time and attention to gaining knowledge of a subject, especially through books or experience.

Exam Score

The quantified performance indicator of an individual’s knowledge or skill as evaluated in an examination.