Doing a Competitive Strength Assessment Entails

question 67

Multiple Choice

Doing a competitive strength assessment entails

• A) determining whether a company has a cost-effective value chain.
• B) ranking the company against major rivals on each of the important factors that determine market success and ascertaining whether the company has a net competitive advantage or disadvantage versus major rivals.
• C) identifying a company's core competencies and distinctive competencies (if any).
• D) analyzing whether a company is well positioned to gain market share and be the industry's profit leader.
• E) developing quantitative measures of a company's chances for future profitability.

Appreciate the integration of psychological essentialism and grounded cognition theories in understanding concepts.

Understand the relevance of function in the classification of artifacts and other categories.

Recognize the impact of knowledge-based approaches in concept categorization.

Understand the distinction between concepts and categories, including differentiation based on reality vs. mental representation.

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Definitions:

Cash Advance

An option that allows credit card holders to withdraw a certain amount of cash immediately, often at a high interest rate.

Discharge

The release or dismissal of a person from their duties, obligations, or a liability, such as in bankruptcy or employment.

Subprime Loan

A type of loan offered to individuals with poor credit scores or limited credit history, typically at higher interest rates due to perceived increased risk.

Conventional Mortgage

A mortgage that involves no government backing by either insurance or guarantee.