Those Variables That Can Affect Significantly the Overall Competitive Positions

question 81

Multiple Choice

Those variables that can affect significantly the overall competitive positions of companies within any particular industry are known as

• A) external strategic factors.
• B) internal strategic factors.
• C) matrix factors.
• D) key success factors.
• E) industry scenario.

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Definitions:

Locate Facilities

The process of determining the most strategic places for operations, considering factors like cost, accessibility, and supply chain efficiency.

Supply Sources

The origins or providers of goods, materials, or services that a company uses in its operations, ranging from raw material suppliers to wholesalers.

Production

The process of creating goods and services by combining various inputs (labor, materials, technology, etc.) through different stages of manufacturing or provision.

Transportation Costs

Expenses associated with the movement of goods or people from one location to another, including fuel, labor, and maintenance.