The Value of Doing Competitive Strength Assessment Is to

question 111

Multiple Choice

The value of doing competitive strength assessment is to

• A) determine how competitively powerful the company's core competencies are.
• B) learn if the company's market opportunities are better than those of its rivals.
• C) learn whether a company has a distinctive competence.
• D) learn how the company ranks relative to rivals on each of the important factors that determine market success and ascertain whether the company has a net competitive advantage or disadvantage vis-à-vis key rivals.
• E) determine whether a company's resource strengths are sufficient to allow it to earn bigger profits than rivals.

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Definitions:

McCormick

Typically refers to McCormick & Company, a global leader in flavor, seasonings, and spices.

Impression Management

The process by which individuals attempt to control the perceptions others have of them, often in professional or social contexts.

Body Language

Non-verbal communication through physical behaviors, such as gestures, postures, and facial expressions, which can convey feelings and attitudes.

Courtesy

A respectful and considerate behavior towards others, marked by politeness and good manners.