Sizing Up a Company's Overall Resource Strengths and Weaknesses

question 70

Multiple Choice

Sizing up a company's overall resource strengths and weaknesses

• A) essentially involves constructing a "strategic balance sheet" where the company's resource strengths represent competitive assets and its resource weaknesses represent competitive liabilities.
• B) is called benchmarking.
• C) is called competitive strength assessment.
• D) is focused squarely on ascertaining whether the company has more/less resource strengths than weaknesses.
• E) is called company resource mapping.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded at those prices, typically downward sloping.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a specified period.

Shifts

Refers to changes in the position of demand or supply curves in economic models, often due to changes in external factors such as technology, preferences, or policy.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that consumers are willing and able to purchase at various prices.