Question
Evaluating opportunity costs and comparative advantage in business means having to figure out just how much you are willing to give up personally to get
Evaluating opportunity costs and comparative advantage in business means having to figure out just how much you are willing to give up personally to get what you want out of your business. Do you want to give up Thanksgiving dinner to be able to be open for the big sales like all the other stores are doing? Or in the case of this simulation, do you want to give up 10 orders of fries for 3 burgers? Sometimes, it is well worth the trade off, but other times, it hurts more than it helps.
Research and provide examples of companies in the news that are relevant to the comments above on the value of comparative advantage for making their business decisions.
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