To Build a Competitive Advantage by Out-Managing Rivals in Performing

question 46

Multiple Choice

To build a competitive advantage by out-managing rivals in performing value chain activities, a company must

• A)position itself in the industry's more favorably situated strategic group.
• B)develop resource strengths that will enable it to pursue the industry's most attractive opportunities.
• C)develop core competencies and maybe a distinctive competence that rivals don't have or can't quite match and that are instrumental in helping it deliver attractive value to customers.
• D)outsource all of its value chain activities to world-class vendors and suppliers.
• E)eliminate its resource weaknesses.

Recognize the significance of trends and relationships derived from financial statements for evaluating a company’s economic opportunities and risks.

Appreciate the multifaceted uses of financial statements by a range of stakeholders, from regulators to taxing authorities and loan issuance.

Understand the importance of information symmetry and the role of management in sharing accurate information.

Identify how financial statements feed into various analyses, including fundamental and technical analysis.

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Definitions:

Defamation

The act of communicating false statements about a person that injure the reputation of that person.

Libel

A written defamation which unfairly tarnishes the reputation of a person or entity.

Market Development

The process of entering new markets or increasing sales in existing markets through strategic marketing efforts.

Market Penetration

The degree to which a product or service is recognized and purchased by customers in a particular market, often used as a measure of success.