Which Framework Most Easily Allows for the Combination of Both

question 49

Multiple Choice

Which framework most easily allows for the combination of both internal and external factors in the analysis of a firm's competitive advantage?

• A) Strategic activity system
• B) VRIO framework
• C) SWOT analysis
• D) PESTEL analysis

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Definitions:

Overhead Expenses

Costs not directly tied to the creation of a product or service but necessary for running a business, such as rent and utilities.

Volume Discount

A price reduction applied to a purchase based on the quantity of items bought, encouraging larger orders.

Breakeven Price

The market price at which the total costs of production equal the revenue derived from selling a product, resulting in neither profit nor loss.

Sale Price

The final amount at which a product or service is sold to consumers.