There Are Four Criteria That Determine If Opportunities Are Attractive

question 21

True/False

There are four criteria that determine if opportunities are attractive at the micro level on the market side.One of these is that the offering provides industry generic benefits.
34Opportunities are attractive at the micro level on the industry side when the company itself meets a number of tests: it possesses something proprietary that other companies cannot easily duplicate or imitate; the business has or can develop superior organisational processes, capabilities or resources that others would find it difficult to imitate or duplicate; the company's business model is economically viable.

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Definitions:

Chi-squared Distribution

A distribution used in statistics that measures how expectations compare to actual observed data, particularly in the context of categorical variables.

Binomial Distribution

A probability distribution that represents the number of successes in a fixed number of independent trials, with each trial having only two possible outcomes and a constant probability of success.

Interval Data

A type of numerical data that involves measurements where the distance between values is meaningful, including temperature scales, but does not have a true zero.

Interval Data

A type of numerical data in which the intervals between values are meaningful, but there is no true zero point, allowing for operations like addition and subtraction.