Determine Whether the Data Described Are Qualitative or Quantitative and Give

question 103

Multiple Choice

Determine whether the data described are qualitative or quantitative and give their level of measurement. If the data are quantitative, state whether they are continuous or discrete.
-Average daily temperature on the Fahrenheit scale

• A)Quantitative, ratio, continuous
• B)Quantitative, ratio, discrete
• C)Quantitative, interval, discrete
• D)Quantitative, interval, continuous

Recognize the characteristics that determine industry attractiveness according to the market-based view.

Identify the attributes of resources and capabilities that lead to sustainable competitive advantages.

Understand modern strategic management theories regarding the best competitive advantages.

Know the strategic importance of value chain activities and how they vary by industry.

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Definitions:

Est. Cost of Goods Sold

An estimated figure representing the cost directly associated with the production of the goods sold by a company.

Selling Price

The amount of money a seller charges for a product or service.

Credit Sales

Transactions where goods or services are sold and payment is delayed, typically recorded as accounts receivable.

Required Production

The quantity of products a company needs to produce to meet its sales goals and inventory levels.