What Are Apple’s Competitive Advantages? A key competitive advantage for the company is its ability to develop innovative products that share the same operating system, software and applications. This minimizes the risk, timescale and costs of product development, enabling the company to introduce a stream of new products and stay ahead of competitors. How is
What Is Absolute Advantage Example? Absolute advantage refers to the ability of a country to produce a good more efficiently than other countries. … For example, the Canadian economy, which is rich in low cost land, has an absolute advantage in agricultural production relative to some other countries. How does the US benefit from comparative
How Do You Explain Mechanical Advantage? Mechanical advantage is a measure of the ratio of output force to input force in a system, used to analyze the forces in simple machines like levers and pulleys. Despite changing the forces that are applied the conservation of energy is still true and the output energy is still
How The Theory Of Comparative Advantage Relates To The Need For International Business? Explain how the theory of comparative advantage relates to the need for international business. ANSWER: The theory of comparative advantage implies that countries should specialize in production, thereby relying on other countries for some products. Consequently, there is a need for international
When Discussing Comparative And Absolute Advantage Which Best Describes Specialization? The producer that requires a smaller quantity inputs to produce a good is said to have an absolute advantage in producing that good. … Comparative advantage drives countries to specialize in the production of the goods for which they have the lowest opportunity cost, which
Whats The Definition Of Benefited? : to receive help or an advantage : to receive benefit patients who will benefit from the drug has benefited from his experiences in the military. Other Words from benefit Synonyms & Antonyms More Example Sentences Learn More About benefit. Is there such a word as benefited? Benefited and benefitted
How Is Comparative Advantage Determined? In order to determine if comparative advantages exist between the two countries, you have to figure out the opportunity cost of making one unit of one of the items. … Their opportunity costs are lower for each of these products relative to one another, and so there is potential for
What Was The Purpose Of Offering Medicare Advantage To Medicare Beneficiaries? What was the purpose of offering Medicare Advantage to Medicare Beneficiaries? The purpose was to expand access to private plans and provide extra benefits to Medicare private plan enrollees across the country. Why were Medicare Advantage plans created? The Medicare Advantage (MA) program, formally
What Were The Advantages And Disadvantages Of The Nile River? It influenced where the Egyptians settled, because it was one of very few water sources around them. The water from the Nile was used for drinking water, bathing, and watering crops. The only disadvantage of being near the Nile was that it was hard to
Will A Nation Import Or Export A Good In Which It Has A Comparative Advantage And Why? A nation will tend to export a good for which it has a comparative advantage because it has the lowest opportunity cost. Will a country import or export products for which it has a comparative advantage? Comparative advantage