Managers who fail to realize when a location no longer has a _____ are likely to fall behind.
A) comparative advantage
B) absolute advantage
C) economic advantage
D) first-mover advantage

Question

Quizplus · Accepted Answer

Comparative advantage refers to the ability of a location to produce goods or services at a lower opportunity cost than others, which is crucial for maintaining competitiveness.

Managers Who Fail to Realize When a Location No Longer