In the Context of Conducting an External Analysis, Which of the Following

question 106

Multiple Choice

In the context of conducting an external analysis, which of the following steps should an entrepreneur take next after identifying and researching competitors within an industry?

• A)Develop an understanding of one's own competitive edge.
• B)Examine and develop insights about benchmarking.
• C)Examine and develop insights about elasticity of demand.
• D)Draw a set of competitive maps.

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Definitions:

Separate Financial Statements

Statements presented by a parent or an investor with joint control of, or significant influence over, an investee, in which the investments are accounted for at cost in accordance with AASB 9 / IFRS 9.

Repurchased Shares

Shares bought back by the issuing company, reducing the amount of outstanding stock on the open market.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning weights to each number before averaging.