When a Firm Is Determining Its Opportunities and Threats, Which

question 15

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:

Situational Determinants

Situational determinants are external factors that influence an individual's behavior, varying depending on the context or environment.

Social Bonds

Connections among individuals in a society that foster trust, cooperation, and collective action.

Associate

To connect or link in one's mind; to relate one idea or concept with another.

Drive Theories

A group of theories in psychology that suggest humans are motivated by biological drives to achieve certain needs such as hunger or thirst.