Two Analytical Tools Useful in Determining Whether a Company's Prices

question 39

Multiple Choice

Two analytical tools useful in determining whether a company's prices and costs are competitive are

• A)SWOT analysis and key success factor analysis.
• B)SWOT analysis and benchmarking.
• C)value chain analysis and benchmarking.
• D)competitive position assessment and competitive strength assessment.
• E)driving forces analysis and SWOT analysis.

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Definitions:

Calorie Counts

The total number of calories in food, important for dietary planning and nutritional information.

Consumption Behavior

The patterns and habits that consumers exhibit in purchasing and using goods and services.

High-calorie Items

Foods or beverages that are densely packed with calories, often with high levels of fat or sugar.

Marginal Utility

The additional satisfaction or benefit (utility) a consumer receives from consuming one additional unit of a good or service.