A Reference Group That a Person Wishes to Be a Member

question 152

Multiple Choice

A reference group that a person wishes to be a member of or wishes to be associated with is referred to as a(n) __________ group.

• A)preference
• B)membership
• C)aspiration
• D)assimilation
• E)integrated

Understand the impact of environmental factors on a firm's strategy.

Distinguish between different international operations strategies and their applications.

Recognize the significance of aligning operations strategy with the overall competitive strategy of the company.

Determine how firms leverage global business environments for competitive advantage.

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Definitions:

Ratio Analysis

A quantitative analysis of information contained in a company’s financial statements, used to evaluate performance, liquidity, profitability, and solvency.

Profitability Ratios

Ratios that measure the amount of operating income or net income an organization is able to generate relative to its assets, owners’ equity, and sales.