The Value of Determining the Relative Competitive Strength of Each

question 93

Multiple Choice

The value of determining the relative competitive strength of each business a company has diversified into is to have a quantitative basis for

• A)identifying which businesses have large/small competitive advantages or competitive disadvantages vis-à-vis the rivals in their respective industries.
• B)rating them from strongest to weakest in terms of contributing to the corporate parent's revenue growth.
• C)comparing resource strengths and weaknesses, business by business.
• D)rating them from strongest to weakest in contending for market leadership in their respective industries.
• E)rating them from strongest to weakest in terms of contributing to the corporate parent's profitability.

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Definitions:

Ideal Work Situation

A hypothetical scenario where an employee's work environment, tasks, relationships, and rewards perfectly meet their preferences and needs.

Organisational Objectives

The specific, measurable, and achievable goals that an organization aims to accomplish within a set timeframe to fulfill its mission.

Division of Labour

The assignment of different parts of a manufacturing process or task to different individuals in order to improve efficiency.

Collection of Tasks

A set of activities or assignments grouped together, often aiming to achieve a particular goal or outcome.