Explain the difference between absolute and comparative systems. What are the advantages and disadvantages to each type of system?
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Business and Marketing Questions #3 INSTRUCTIONS:
Please answer the following.
Textbook: Aguinis H. (2013) Performance Management, 3/E, Prentice Hall. ISBN: 9780132556385
Explain the difference between absolute and comparative systems. What are the advantages and disadvantages to each type of system?
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CONTENT:
Business and Marketing Student’s name Institution affiliation Question 1 While absolute advantage refers to the capability of a country to produce a larger quality of particular goods when supplied with the same resources of goods as other companies, comparative advantage refers to the production of higher quality goods at a lower particular cost as compared to other companies. One advantage that comparative systems have over absolute systems is that there is the establishme
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