Which of the Following Is a Tool a Manager Can

question 23

Multiple Choice

Which of the following is a tool a manager can use to analyze competitive intelligence and identify competitive advantages?

• A) The three generic strategies.
• B) The threat of substitute buyer power.
• C) Differentiated costs.
• D) Supplier loyalty.

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Definitions:

Recognition

The cognitive process of identifying and acknowledging the familiarity of stimuli, such as faces, objects, or symbols, previously encountered.

Cued Recall

A memory recall process where prompts are given to aid the retrieval of information.

Savings

The portion of income not spent on consumption but reserved for future use; in psychology, it also refers to the reduction in time or effort to relearn a previously learned task.

Sequentially

In a sequential order or manner, where events, processes, or items follow one after another in a logical sequence.