Assigning a Weight to Each Measure of Competitive Strength Assessment

question 78

Multiple Choice

Assigning a weight to each measure of competitive strength assessment is generally analytically superior because

• A) a weighted ranking identifies which competitive advantages are most powerful.
• B) an unweighted ranking doesn't discriminate between companies with high and low market shares.
• C) it singles out which competitor has the most competitively potent core competencies.
• D) weighting each company's overall competitive strength by its percentage share of total industry profits produces a more accurate measure of its true competitive strength.
• E) all of the various measures of competitive strength are not equally important.

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Definitions:

Labor Supplied

Represents the total hours that workers are willing and able to work at a given wage rate.

Leisure

free time when individuals are not working, available for relaxation or activities of personal choice.

Normal Good

A good for which demand increases as the income of consumers increases and vice versa.

Demand for Leisure

The desire for free time in which one can enjoy personal activities outside of work.