The Managers at Spring Hotels Want to Find Out How

question 7

Multiple Choice

The managers at Spring Hotels want to find out how their competitor, Crimson Valley Hotels, consistently outdoes them. Spring Hotels have the same facilities and equipment as Crimson Valley Hotels, but each month its efforts to reach the benchmark set by Crimson Valley Hotels fails. This is because Crimson Valley has elements such as great location, beautiful architectural design, and customer-friendly employees that create an edge over other companies in its industry. Which of the following does this scenario exemplify?

• A)Complementary products or services
• B)Resource-based view of firm
• C)Attractiveness of an industry
• D)Segmentation analysis

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Definitions:

Telegraphic Speech

A stage in language development where young children begin to string words together to form simple sentences, often omitting unnecessary words.

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a given language, including word order.

Innate Ability

Natural talents or capabilities that a person is born with, as opposed to skills learned from experience.

Chomsky

Chomsky, Noam Chomsky, is a linguist, philosopher, and cognitive scientist who revolutionized the field of linguistics by introducing concepts such as the theory of universal grammar.