The Critical Success Factors in a Competitive Profile Matrix and EFE

question 89

Multiple Choice

The critical success factors in a Competitive Profile Matrix and EFE Matrix include

• A) internal, but not external issues.
• B) external, but not internal issues.
• C) both internal and external issues.
• D) neither internal or external issues.
• E) only non-quantifiable data.

---

Definitions:

Diminishing Marginal Product

A principle stating that as more of a variable input is added to a fixed input, the additional output produced from each additional unit of the variable input eventually decreases.

Marginal Costs

The supplementary cost arising from the manufacture of an extra unit of a good or service.

Variable Inputs

Inputs that can be adjusted in the short term to alter the level of output in the production process.

Marginal Cost Function

A mathematical representation showing how the cost of producing one additional unit of a good changes as production volume changes.