0
What else can I help you with?
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 does the principle of competitive exclusion say will happen when 2 organisms compete for the same resources?
The principle of competitive exclusion states that when two organisms compete for the same limited resources, one species will outcompete and displace the other, leading to the local extinction of the less competitive species. This principle highlights the importance of resource availability and niche differentiation in ecological communities. Ultimately, it suggests that no two species can occupy the same niche indefinitely when competing for identical resources.
What does the principle of competitive exclusion say will happen when two species compete for the same resources?
The principle of competitive exclusion states that when two species compete for the same limited resources, one species will outcompete the other, leading to the extinction or local elimination of the less competitive species. This occurs because the two species cannot coexist indefinitely when they have identical ecological niches. Essentially, one species will be more efficient in utilizing resources, thereby dominating the shared environment.
What are 3 possible outcomes of competitive exclusion?
Extinction of one of the competing species due to the other being more efficient at utilizing resources. Evolution of one or both species to occupy different ecological niches to reduce competition. Coexistence through partitioning of resources or establishment of a competitive hierarchy.
How do the firms resources and capabilities help to establish and sustained competitive advantage?
Firms can establish and sustain a competitive advantage by leveraging their unique resources and capabilities, which include tangible assets, intangible assets, and organizational processes. These resources, such as skilled personnel, proprietary technology, and strong brand reputation, enable firms to differentiate themselves from competitors and deliver superior value to customers. When effectively combined and utilized, these resources can lead to increased efficiency, innovation, and customer loyalty, creating barriers for competitors to replicate. Ultimately, the continuous development and adaptation of these resources and capabilities are essential for maintaining a competitive edge in a dynamic market environment.
What is competitive arena?
A competitive arena refers to the specific environment or market in which businesses or organizations compete for customers, resources, or market share. It encompasses the various factors influencing competition, such as industry dynamics, customer preferences, and the actions of rivals. Understanding the competitive arena helps organizations identify opportunities, threats, and strategies to gain a competitive advantage.
What are resource based view approach?
The resource-based view (RBV) is a strategic management framework that emphasizes the importance of a firm's internal resources and capabilities as key drivers of competitive advantage and performance. It posits that unique, valuable, rare, and inimitable resources can lead to sustainable competitive advantages. Firms should focus on identifying, developing, and leveraging these resources to create value and differentiate themselves in the marketplace. RBV contrasts with other approaches that emphasize external market conditions or competitive dynamics as primary determinants of success.
The exclusion of one species by another due to competition?
This phenomenon is known as competitive exclusion, where one species outcompetes another for resources, leading to the local extinction of the inferior competitor. This often occurs when two species have similar ecological niches and compete for the same resources. Over time, the superior competitor dominates the resources, leading to the elimination of the weaker species from the ecosystem.
What statement best answers the competitive exclusion principle?
The competitive exclusion principle suggests that two species competing for the same limited resources cannot coexist in the long term, leading to the elimination of one species or its adaptation to use different resources.
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
