__________ Are Used When Some Aspect of System Performance Cannot

question 15

Short Answer

__________ are used when some aspect of system performance cannot be measured directly.

Understand the factors that contribute to the threat of new competitors entering a market, including barriers to entry.

Grasp the dynamics of supplier and buyer power in industry competition.

Identify the role of substitute products or services in shaping industry threat levels.

Analyze the impact of industry rivalry on competitive positioning.

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Definitions:

Target Profit

The specific amount of net income that a company aims to achieve for a certain period.

Fixed Expenses

Consistent costs that do not change in total over a short period, regardless of the level of production or sales.

Break Even

A financial analysis point where total revenue exactly covers total costs, with neither profit nor loss.

Break-Even

The stage at which accumulated costs equal accumulated earnings, leaving no room for profit or loss.