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resource competition, which occurs when a number of organisms utilize common resources that are in short supply.
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Describe competitive exclusion and its effects. (1?
competitive exclusion is when two species compete for the same resources that will be suited to the niche to another niche or extinction.
Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profits?
Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profit
Why is it important for a company to make its human resources into a competitive advantage and how can HR contribute to doing so?
It is important for a company to make its human resources into a competitive advantage because if your company has good human resources, you are able to to receive more and more customers. (more customers more revenue ) !!!! It will also make your company more likable.
What refers to something that moves into a new area and take resources from indigenous life?
A migrating competitive species that is probably S-selected
In Gause's expirements with paramecium growing in test tubes he demonstrated what?
competition between species of Paramecium, causing him to devise the competitive exclusion theory
Competitive exclusion occurs when?
A single species, or two species that occupy different niches in the same range and use different resources. Darwin's finches are an example of this. Large strong beaks take the large seeds and small beaks take the lesser seeds as resources.
In a competitive market economy firms will select the least-cost production technique because?
such choices will result in the full employment of available resources
How can profit make a company more effective and competitive?
Profit can make a company more effective and competitive in the market in various ways. The company will have more resources which it can pump into the business and do better promotions and adverts which will translate to even more profits.
Difference between Competitive Advantage and Comparative Advantage?
Comparative advantage (of a country or firm, for example) is *given* by the access to certain resources that others don't have. Usually this is related to natural resources. I say "access" because it doesn't matter if you are or are not the owner. On the other hand, competitive advantages are *created* by combining different resources, primarily knowledge. In management this is equivalent to "rise barriers" for competitors, in the sense that a true competitive advantage is that one that is difficult to be copied by the competitors (although not impossible.) Due to the nature of the comparative advantages, it is usually said that they provide you a "static" advantage, something that others can surpass by using their competitive advantages, which are said to be "dynamic." Feel free to make corrections to my answer.
What is Equity strategic alliance?
Strategic Alliance: Is an alliance(a business strategy) in which two or more firms own different percentages of the company they have formed, by combining some of their capabilities and resources for creating a competitive advantage in the market. For Example: In Pakistan (Karachi), "own % of RBS,Barclays and CitiBank" when combine together their resources & capabilities they form a competitive advantage now named as "FAYSAL BANK".
What is business strategies?
A term used in business planning that implies a careful selection and application of resources to obtain a competitive advantage in anticipation of future events or trends.
What role does developing intellectual resources play in a company?
A corporation's future is determined in part by its involvement in the development of its intellectual resources. Chief executive officers (CEOs) realize that without this effort, they will lose their edge in the highly competitive global economy.
