Two Analytical Tools Useful in Determining Whether a Company's Prices

question 39

Multiple Choice

Two analytical tools useful in determining whether a company's prices and costs are competitive are

• A)SWOT analysis and key success factor analysis.
• B)SWOT analysis and benchmarking.
• C)value chain analysis and benchmarking.
• D)competitive position assessment and competitive strength assessment.
• E)driving forces analysis and SWOT analysis.

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Definitions:

Well-structured Problem

A problem characterized by a clear goal, known solution paths, and definite criteria for evaluating solutions.

Uncertainty

A condition of limited knowledge where it is impossible to exactly describe existing states, future outcomes, or their probabilities.

Well-structured Problem

A problem that is clearly defined, with a clear path to the solution and known criteria for evaluating the solution.

Programmed Problem Solution

A predetermined method or procedure used to address problems that occur routinely within an organization.