Appraising a Firm's Resources Consists of

question 52

Multiple Choice

Appraising a firm's resources consists of

• A)protecting the firm from its weaknesses and trying to reduce or eliminate them.
• B)leveraging the firm's strengths to increase market share and profit.
• C)a and b.
• D)completing 360-degree analytical evaluations of top managers' strengths and weaknesses.

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Definitions:

Opportunity Cost

The price paid for not selecting the alternative that is second-best when a choice is made.

Car

A vehicle on wheels intended for moving people, typically driven by either an internal combustion engine or an electric motor.

Truck

A large, heavy motor vehicle used for transporting goods, materials, or large numbers of people.

Opportunity Cost

The cost of the next best alternative foregone when making a decision.