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Question & Answer
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By increasing the speed and accuracy of order fulfillment
By reducing the need for inventory management
By eliminating the need for transportation logistics
By decreasing the number of suppliers needed
Understanding the Answer
Let's break down why this is correct
Robots move items faster and with fewer mistakes. Other options are incorrect because People think robots stop keeping stock, but they still need items to pick; Robots help inside the warehouse, not replace trucks or ships.
Key Concepts
Production Advantage
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Deep Dive: Production Advantage
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Definition
Production Advantage refers to a country's ability to produce goods more efficiently than another country. Absolute Advantage is when one country can produce more of both goods, while Comparative Advantage is when a country has a lower opportunity cost in producing a particular good. Understanding production advantages helps countries specialize in goods where they are most efficient, leading to overall economic growth.
Topic Definition
Production Advantage refers to a country's ability to produce goods more efficiently than another country. Absolute Advantage is when one country can produce more of both goods, while Comparative Advantage is when a country has a lower opportunity cost in producing a particular good. Understanding production advantages helps countries specialize in goods where they are most efficient, leading to overall economic growth.
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