ASEAN concerning local manufacturing in all ASEAN countries. It encourages a higher market competition which allows the countries to develop. AFTA helps ASEAN countries’ products gain access to a regional market that incorporates many substantial advantages Moreover‚ consumers will benefit from cheaper prices of goods given lower tariffs on a host of raw materials used by the region’s producers. Furthermore‚ the ASEAN Comprehensive Investment Area (ACIA) will encourage the free flow of investment
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are developing the strategic skill set to master doing business across cultures. Cross-cultural core competence is at the crux of today’s sustainable competitive advantage. If one day you’re asked to manage a supply chain in Malaysia‚ the next day you’re managing your virtual team in China‚ and the next you’re optimizing your company’s call center in India‚ you know that it’s just not possible to be an expert in every culture or geography in which you do business. What is possible is developing the
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Short introduction to AI: Artificial intelligence (AI) is the branch of computer science that aims to create intelligent machines. There are many different fields where AI is used and many different implementations of it. Advantages: -AI can accomplish tasks that to complex and too dangerous for humans (example: Mars-Mission curiosity)‚ disarming bombs -for tasks that humans don’t want to do (youtube porn rejection‚ violent scene recognition) -as they are machines there is no need for sleep
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the principle of comparative advantage‚ and modern trade theory? Explain. The article shows us how India diversified its economy by creating new avenues of trade when its manufacturing market took a dive nose. India saw there was a need in the international market for outsourcing‚ call centers and engineering talents and it took advantage of it by harnessing its labor abundance to provide them with a competitive advantage.. A country has the comparative advantage of producing a good if the opportunity
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Comparative Advantage First let us define the comparative advantage which is the ability of a firm or individual to produce goods and/or services at a lower opportunity cost than other firms or individuals. A comparative advantage gives a company the ability to sell goods and services at a lower price than its competitors and realize stronger sales margins. If one country is better at producing one good and another country is better at producing a different good (assuming both countries demand
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Competitive Advantage: Question 1/2: A competitive advantage is a position that a firm occupies in its competitive landscape. Cost advantage Cost advantage A firm possesses a sustainable competitive advantage when it has value-creating processes and positions that cannot be duplicated or imitated by others‚ that lead to the production of above normal rents‚ in that it provides a long-term advantage that is not easily replicated. Sources of competitive advantage: Competitive advantage Competitive
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Advantage Science gives us safe food‚ free from harmful bacteria‚ in clean containers or hygienic tins. It also teaches us to eat properly‚ indicating a diet balanced in protein and carbohydrate and containing vitamins. The results is freedom from disease and prolonged life. In pre-scientific days‚ food was monotonous and sometimes dangerous; today it is safe and varied. It is varied because through improved sea‚ land and air transport food can now be freely imported and exported. Science has also
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What role should culture play in curricular improvement? Culture should play a major role in curricular improvement. Whether we realize it or not‚ a gap often exists between students and teachers. Many teachers encounter students with backgrounds that are total opposite from theirs leaving teacher believing what society and their own personal experiences tells them. Making personal connections with students helps educators understand how life is organized in their students communities‚ have a greater
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Competitive Advantage MGT/498 September 13‚ 2012 Competitive Advantage Riordan Manufacturing is a leader in the industry of plastic injection molding. Business strategies require assurance that the organization can anticipate business conditions for the future that will improve performance and profitability. Organizations should create a strategic framework for a noteworthy achievement. The framework entails formulating a mission that defines the business product of the organization.
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non-agricultural use of the term "culture" re-appeared in modern Europe in the 17th century referring to the betterment or refinement of individuals‚ especially through education. During the 18th and 19th century it came to refer more frequently to the common reference points of whole peoples‚ and discussion of the term was often connected to national aspirations or ideals. Some scientists used the term "culture" to refer to a universal human capacity. In the 20th century‚ "culture" emerged as a central concept
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