An Industry "Best" Level of Quality Service by a Company

question 1

Multiple Choice

An industry "best" level of quality service by a company that other companies seek to emulate is called a

• A)standard
• B)benchmark
• C)goal
• D)3.4 DPMO

Distinguish between the roles of comparative advantage and absolute advantage in international specialization and trade.

Recognize the contributions of key economists to the theory of comparative advantage.

Evaluate the impact of specialization and trade on the production possibilities of countries.

Understand the concept and importance of homeostasis in regulating body conditions.