Create more economic value than rival firms

Assignment Help Other Subject
Reference no: EM13865990

According to one author, a firm has a competitive advantage when it is able to create more economic value than rival firms. In this case, economic value is simply the difference between the perceived benefits gained by a customer who purchases a firm's products or services and the full economic cost of these products or services.Thus, the size of a firm's competitive advantage is the difference between the economic value a firm is able to create and the economic value its rivals are able to create. Does this observation hold true in health care? Why/not?

Reference no: EM13865990

Questions Cloud

Prepare an essay about given topic and write a review : Prepare your essay in MLA style and write a review of 750-1,000 words. You may choose any consumer ‘product' from cars, boats and trucks to workout equipment, hair gel, or water purifiers.
Narrated presentation using powerpoint on bioterrorism : Apply decision making models to address difficult management situations.
What is the most important purpose of diaphragm : For respiration, what is the most important purpose of diaphragm?
The following are expensed as incurred, amortized : Identify which of the following are expensed as incurred, amortized, or tested for impairment.
Create more economic value than rival firms : According to one author, a firm has a competitive advantage when it is able to create more economic value than rival firms. In this case, economic value is simply the difference between the perceived benefits gained by a customer who purchases a f..
How many red blood cells do humans generate in a year : How many red blood cells do humans generate in a year?
What is the difference between the law of independent : What is the difference between the law of independent assortment or the law of segregation?
What challenges might you face in a health care organization : What challenges might you face in a health care organization in regard to financial planning?
What''s the difference between meiosis and mitosis : What's the difference between meiosis and mitosis?

Reviews

Write a Review

Other Subject Questions & Answers

  Mood scores for non-pet owners versus pet owners

A researcher investigates whether single people who own pets are generally happier than singles without pets. A mood inventory questionnaire is administered to a group of 20- to 29-year-old non-pet owners and a similar group of pet owners.

  Defining ethnic and race issues

With increasing numbers of inter-racial marriages, there will be many more people claiming bi-racial and multi-racial identities in the decades to come.

  Imagine yourself an immigrant from a developing country

This week for the application you are to imagine yourself an immigrant from a developing country who is living in the targeted area about which we have been writing. You, as that immigrant, are going to be writing a letter to the editor to give yo..

  Explain the short dissertations on synthesis system analysis

Draw the systems engineering process flow and give short dissertations on synthesis, system analysis and control, requirements analysis, and functional analysis/allocation.

  Discovered through genetic testing

If you discovered through genetic testing that your best friend’s child had CF, what advice would you give your friend about treatments? What about resources your friend might find useful?

  Assignment on rodney family case study

Assignment on Rodney Family Case Study

  Strength-greatest weakness of special educational system

Use information you gathered throughout course to distinguish what you believe is greatest strength and greatest weakness of current special educational system in America.

  What social, economic-political and religious developments

European settlement of North America took place during the transition from Medieval to Early Modern Europe. What social, economic, political, and religious developments during this period provided motives for European exploration, conquest, and settl..

  Develop a diet specifically tailored to that stage of life

Develop a diet specifically tailored to that stage of life (make sure to include all of the macronutrients [percentages of carbs, fats, and protein]), and explain the rationale.

  Stakeholders of the national rifle association

Examine 3 salient stakeholders of the national rifle association based on key roles and relationships with the company.

  How would body temperature-galvanic skin response

How would body temperature, galvanic skin response, and hear rate change when a human is exposed to extreme cold for five minutes?

  Governments versus markets role in reshaping system

With so many different stakeholders in the health care system, many with powerful political lobbies, it is understandable that the government was unable, until the Patient Protection and Affordable Care Act of 2010, to address the problems of cost, a..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd