The Market Opportunities Most Relevant to a Particular Company Are

question 53

Multiple Choice

The market opportunities most relevant to a particular company are those that:

• A) offer the best prospects for growth and profitability.
• B) provide a strong defense against threats to the company's profitability.
• C) embrace the most potential for product innovation.
• D) provide avenues for taking market share away from close rivals.
• E) hold the most potential to reduce costs.

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Definitions:

Fuel Sources

Materials or substances used to generate power or energy, typically to produce heat, light, or to power engines.

Inputs

Resources used in the production process, including labor, technology, and materials.

Economies Of Scale

Situation in which output can be doubled for less than a doubling of cost.

Increasing Returns

A situation where the addition of more units of input results in a more-than-proportional increase in output.