What is the difference between competitive advantage and comparative advantage? Answer: An advantage that a firm has over its competitors‚ that differentiates the Product or services offered by the firm and allows the firm to reduce it’s Cost or generate Higher Revenue or Margin is known as Competitive Advantage. A competitive advantage is something that a consumer views in a product or service as having higher value than the other competitors of the firm in the industry. It is an expertise that
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1. Competitive advantage A distinctive competence is a unique firm-specific strength that allows a company to better differentiate its products and/or achieve substantially lower costs than its rivals and thus gain a competitive advantage. Resources are financial‚ physical‚ social or human‚ technological‚ and organizational factors that allow a company to create value for its customers. Company resources can be divided into two types: tangible and intangible resources. Tangible resources are something
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Mechanical advantage is a measure of the force amplification achieved by using a tool‚ mechanical device or machine system. Ideally‚ the device preserves the input power and simply trades off forces against movement to obtain a desired amplification in the output force. The model for this is the law of the lever. Machine components designed to manage forces and movement in this way are called mechanisms. An ideal mechanism transmits power without adding to or subtracting from it. This means the ideal
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Unit 2 Assignment 1: Homework Learning Objectives and Outcomes Determine program input‚ processing‚ and output stages. Create the necessary flowcharts to describe a program’s structure. Use pseudocode to define a program’s structure. Formulate solution algorithms for calculations by properly following the order of operations. Assignment Requirements Answer: Short Answer 1‚ 2‚ 3‚ and 4 on page 71 Algorithm Workbench Review Questions 1 and 2 on page 71 Programming Exercises Questions 1
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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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An input device is a hardware used to send data to a computer . input device allows users to communicate for processing ‚ display ‚ storage and transmission SEVEN COMPUTER INPUT DEVICES THAT WE HAVE ARE AS FOLLOWS: KEYBOARD A computer keyboard is an input device used to enter characters and functions into the computer system by pressing buttons or keys.it is the primary device
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Computer Hardware – Input Devices and their function (Keyboard‚ Pointing Devices) David Daxon Jr. College of the Bahamas Abstract Any peripheral (piece of computer hardware equipment) used to provide data and control signals to an information processing system such as a computer or other information appliance. Input devices along with output devices makes up the hardware interface between a computer and a scanner or 6DOF (game) controller. This paper however‚ identifies input devices and their
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Corporate Strategy "Sources of competitive advantage rarely yield added value that can be sustained over time." The following essay is going to attempt to assess the above proposition and try to find if it is possible to add value continually over a period of time. I will first discuss what competitive advantage is and what it means to a firm. Then I will explain the sources of competitive advantage and how the distinctive capabilities of a firm allow it to sustain added value. The discussion
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STERN SCHOOL OF BUSINESS NEW YORK UNIVERSITY COMPETITIVE ADVANTAGE FROM OPERATIONS DRAFT SYLLABUS This syllabus is tentative and subject to change. MEETINGS: ROOM: INSTRUCTOR: Josh Reed‚ Room KMC 8-79‚ (212) 998-0584 jreed@stern.nyu.edu OFFICE HOURS: TEACHING ASSISTANT: OFFICE HOURS: REQUIRED COURSE MATERIALS: CUSTOM TEXT: Competitive Advantage from Operations (Sixth Edition) a customized text created for Stern students including
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Would a paper-based scan of a paper-based record be an EHR? What are 2 limitations and advantages of such a system based on scans only? Since beginning my pursuit of a Master’s degree in eHealth‚ I have noticed a great deal of variability in what can be considered an electronic health record (EHR). According to the National Alliance for Health Information Technology‚ an electronic health record is “a record of health-related information on an individual that conforms to nationally recognized
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