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:

Deferred Gratification

The ability to resist the temptation for an immediate reward and wait for a later reward.

Paycheque

A paycheque is a check issued by an employer to pay an employee for services rendered, typically on a regular basis like weekly or monthly.

Savings Account

A deposit account held at a bank or other financial institution that provides modest interest rates.

Meritocratic System

A system in which advancement in society is based on an individual's capabilities and merits rather than on family, wealth, or social connections.