When Any Two Firms Have Both a High Degree of Market

question 26

Multiple Choice

When any two firms have both a high degree of market commonality and highly similar resources,a ________ threat is present.

• A) weaker competitive
• B) successful marketing
• C) stronger competitive
• D) stronger marketing

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Definitions:

Uncertain Environment

A situation or condition characterized by unpredictability and a lack of information about future events.

Mission Statement

A concise declaration of an organization's core purpose and focus that it strives to communicate to its employees, customers, and stakeholders.

Corporate Culture

The shared values, beliefs, and practices that characterize an organization and influence its members' behavior.

Operational Objective

Specifies the short-term, specific aims that guide the operations of an organization towards its strategic goals.