When a Firm Is Determining Its Opportunities and Threats, Which

question 31

Multiple Choice

When a firm is determining its opportunities and threats, which of the following would not be mentioned?

• A) An intense rivalry with a local competitor was beginning to start a price war.
• B) The firm just received a patent on its main product.
• C) The success of the firm's latest marketing campaign.
• D) In spite of its patent, there are several substitute products consumers could use.
• E) Increased competition in some of its key product lines.

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Definitions:

Agriculture

The practice of cultivating the soil, growing crops, and raising livestock for food, fiber, and other products.

Demographic Transition

The transition from high birth and death rates to low birth and death rates as a country develops from a pre-industrial to an industrialized economic system.

Mortality Rates

A measure of the number of deaths in a particular population, scaled to the size of that population, per unit of time.

Income

The monetary payment received for goods or services, or from other sources, as rents or investments.