Competitive Advantage and Competitive Scope Are the Two Major Variables

question 145

True/False

Competitive advantage and competitive scope are the two major variables in Porter's generic competitive strategies model.

Understand the criteria used by banks (the 5 Cs of credit) to evaluate creditworthiness.

Know federal consumer credit laws and their protections for consumers.

Appreciate the importance of comparing financial terms and recognizing consumer rights in credit and loan situations.

Understand how to calculate debt-to-equity ratio and its implications.

---

Definitions:

Abusive Husbands

Men who engage in behaviors that inflict physical, emotional, or psychological harm on their spouses.

Married Women

Women who are legally united in marriage to a spouse, which may influence aspects of their social, legal, and personal lives.

Unmarried Women

Women who are not legally married; the term can include those who are single, divorced, or widowed.

Prevalence

The proportion of a population found to have a condition or characteristic at a specific time.