Which of the Following Factors Should a Company Consider When

question 102

Multiple Choice

Which of the following factors should a company consider when determining if an industry offers good prospects for attractive profits?

• A)the industry's growth potential, whether competition appears destined to become stronger or weaker, how the industry's driving forces might affect overall industry profitability, the company's competitive position relative to rivals, and the company's proficiency in performing industry key success factors
• B)an assessment of which firms in the industry have the best and worst competitive strategies, whether the number of strategic groups in the industry is increasing or decreasing, and whether economies of scale and experience curve effects are a key success factor
• C)whether there are more than five key success factors, more than five barriers to entry, and more than five industry drivers
• D)whether the market leaders enjoy competitive advantages and how difficult it is to promote innovation to develop a strongly differentiated product or service for which a price premium may be charged
• E)constructing a strategic group map and assessing the attractiveness of the competitive position of each strategic group

Analyze the structure and validity of arguments in deductive reasoning.

Recognize the role of modus ponens and modus tollens in logical argumentation.

Appreciate the psychological processes underlying decision making and problem-solving.

Understand the effects of framing and hindsight bias on decision making and judgment.

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Definitions:

Tongue Blade

A thin wooden or metal tool used in medical practice to depress the tongue to allow examination of the mouth and throat.

Submersion Injury

An injury resulting from being underwater or submerged, leading to potential drowning or near-drowning incidents, often requiring immediate medical attention.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for integrating sensory information and responding accordingly.

Complications

Unexpected problems or conditions that develop during or after a disease, treatment, or surgical procedure, potentially worsening the patient’s health situation.