Competitive Strength Can Be Determined by Assigning Measures Based on Perceived

question 104

Multiple Choice

Competitive strength can be determined by assigning measures based on perceived importance because

• A)it provides a more accurate assessment of the strength of competitive forces.
• B)it eliminates the bias introduced for those firms having large market shares.
• C)the different measures of competitive strength are unlikely to be equally important.
• D)the results provide a more reliable measure of what competitive moves rivals are likely to make next.
• E)weighting each company's overall competitive strength by the size of its market share produces a more accurate measure of its true competitive strength.

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Definitions:

Homogeneous

A descriptor for a mixture or substance that has the same uniform appearance and composition throughout.

Mixture

A physical combination of two or more substances in which each substance retains its own chemical identity and properties.

Alloy

A substance made by melting two or more elements together, at least one of them a metal, resulting in a material with characteristics different from the individual components.

Metallic Elements

Elements that are good conductors of heat and electricity, have a shiny appearance, and are malleable and ductile.