Competitive advantage in the global market

Is this hypothesis? : Australia has firmly taken its place within the broader Asia region in recent decades due to the process of increasing economic interdependence.

An increase in people’s income is likely to lead to ____________ in demand for jewellery.

When companies invest in robotic technology or other machines to reduce costs, this is called:

A technique used to assess opportunities and costs for a company

Differentiation is…

Buyer power is ________ when buyers have many choices from whom to buy and __________ when buyers have few choices

A business known for being the best in the industry or the most innovative business in the industry is known as a what?​

Charlie owns and operates a teddy bear factory. Last year, he earned $250 000 in sales revenue with expenses of $190 000. Charlie has not made a profit. True or false?

Shell has spent millions of dollars on R&D to allow _________________ away from its original oil and gas business.

What country is Australia's main trading partner?

No one competitive strategy is guaranteed to achieve success

An increase in environmental consciousness is likely to lead to an increase in demand for plastic bags.

Think of an industry (such as retail, banking or computing) and list five businesses that compete in that industry.

Businesses must embrace innovation if they wish to achieve a competitive advantage.

Michael Porter proposed three “generic” competitive strategies, which are

Charlie owns and operates a teddy bear factory. Last year, he earned $250 000 in sales revenue with expenses of $190 000. What is the profit margin for Charlie’s business?

What are Australia's two main exports?

Nike has created a competitive advantage by focusing on social media, including its own social network (Nike+), and introducing Nike concept stores. ​What might happen if it did not attempt to build or create a competitive advanta