All of the Following Are Common Tools Used in Industry

question 194

Multiple Choice

All of the following are common tools used in industry to analyze and develop competitive advantages,except _________.

• A) Five Forces Model
• B) Three Generic Strategies
• C) competitive analysis model
• D) value chain analysis

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Definitions:

Binomial Distribution

A probability distribution that summarizes the likelihood that a variable will take one of two independent values under a given set of parameters.

Random Variable

A random variable is a variable whose possible values are numerical outcomes of a random phenomenon.

Success Probability

The likelihood or chance of a particular event or outcome happening, often expressed in terms of percentage or decimal.

Poisson Random Variable

A statistical measure that expresses the probability of a given number of events occurring in a fixed interval of time or space, assuming these events happen with a known constant mean rate and independently of the time since the last event.