A Firm That Wants to Locate near a Community Often

question 12

Multiple Choice

A firm that wants to locate near a community often must prepare a _______ that analyzes how a proposed plant would affect the quality of life in the surrounding area.

• A) Feasibility study
• B) SWOT analysis
• C) Environmental impact study
• D) Computer-aided design

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Definitions:

Competitive Advantage

An attribute that allows a company to outperform its competitors, enabling it to generate greater sales or margins and/or retain more customers.

Product Benefits

The advantageous features or outcomes that a customer receives from using a product.

Five Forces Model

A framework developed by Michael Porter that analyzes five key forces shaping the competitive intensity and profitability within an industry.

Resource Based View

The resource-based view is a strategic management perspective that sees a firm's competitiveness as determined by its ability to manage and utilize its unique set of resources and capabilities.