The Two Internal Dimensions Represented on the Axes of the SPACE

question 87

Multiple Choice

The two internal dimensions represented on the axes of the SPACE Matrix are

• A)industry strength and internationalization.
• B)competitive advantage and financial strength.
• C)environmental stability and industry strength.
• D)internationalization and competitive advantage.
• E)financial strength and environmental stability.

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Definitions:

Lorenz Curve

A graphical representation of the distribution of wealth or income within a society, depicting inequality.

45° Line

A reference line in economics and finance, representing situations where two measured quantities are equal.

Income Distribution

Describes how a nation’s total GDP is distributed amongst its population, often highlighting the disparities between different income groups.

Market Economy

An economic system where supply and demand within a free market determine the production of goods and services, with minimal governmental intervention.