The Combination of Market Attractiveness and Competitive Advantage Creates a Portfolio

question 4

True/False

The combination of market attractiveness and competitive advantage creates a portfolio position for any given product-market.

---

Definitions:

Marginal Product

The extra production achieved by the utilization of an additional unit of a specific input while keeping all other inputs unchanged.

Demand Curve

An illustration depicting how variations in the price of a good or service affect its demand within a certain timeframe.

Perfect Competition

A market structure characterized by many buyers and sellers, homogenous products, and the free entry and exit of firms, leading to price takers.

Marginal Product

The additional output generated by employing one more unit of a certain input, such as labor or capital.