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BUS 1038 Ch 3 Competing in World Markets Flashcards | StudBud
BUS 1038 Ch 3 Competing in World Markets
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What describes comparative advantage?
A
Having the best locations to gain competive advantage over rival firms
B
Supplying products more efficiently & lower cost than other goods
C
Being able to work smarter, not harder, in all business matters.
D
Producing goods @ lower cost than those of competitors
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