An Industry's Key Success Factors Can Always Be Deduced by Asking

question 114

Multiple Choice

An industry's key success factors can always be deduced by asking what factors

• A)are a function of market share, entry barriers, and economies of scale, degree of vertical integration, and industry profitability that are advantageous.
• B)vary according to whether an industry has high or low long-term attractiveness.
• C)such as product attributes and service characteristics are crucial, and what resources and competitive capabilities are needed, and what shortcomings are evident to put a company at a competitive disadvantage.
• D)can be determined from studying the winning strategies of the industry leaders and ruling out as potential key success factors the strategy elements of those firms considered to have losing strategies.
• E)depend on the relative competitive strengths of the industry leaders and how vulnerable they are to competitive attack.

Recognize the trends and shifts in consumption patterns over time.

Analyze how consumption is influenced by liquid assets and credit.

Understand the role and representation of income tax expense in corporate financial statements.

Comprehend the process and implications of dividend declaration and distribution, including cash and stock dividends.

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Definitions:

Taxes

Compulsory contributions to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.

Aggregate Demand

The collective call for goods and services in an economy, marked at a certain price level for a given time interval.

Multiplier

The ratio of change in an economic output to a change in an input, such as the increase in public spending leading to a larger increase in the national income.

Consumption Spending

Expenditures by households on goods and services, excluding purchases of new housing.