A Company's Strengths Are Important Because They

question 125

Multiple Choice

A company's strengths are important because they

• A)pave the way for establishing a low-cost advantage over rivals.
• B)represent the quality of its competitive assets that enhance its competitiveness in the marketplace.
• C)provide extra muscle in helping lengthen the company's value chain.
• D)give it competitive protection against the industry's driving forces.
• E)provide extra organizational muscle in turning a core competence into a key success factor.

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Definitions:

Pie Bigger

A metaphorical expression indicating the expansion of the total market or increase in the overall size of an opportunity available to participants.

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Individuals skilled in discussion and bargaining to reach agreements or resolve disputes between parties.

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Labor Relations Expert

A professional specializing in handling the relationship between employers and their workers, often dealing with unions and collective bargaining.