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:

Operational Definition

A specific, clear, and measurable definition of a concept or variable for the purposes of scientific study.

Conceptual Variable

Abstract elements that represent parts of theories and are not directly observable but are measurable through operational definitions.

Measuring

The action of determining the size, amount, or degree of something using standard units or instruments.

Correlational Design

A type of research methodology that examines the relationship between two or more variables without manipulating them to determine cause and effect.