Which of the Following Is Not a Component of Evaluating

question 42

Multiple Choice

Which of the following is not a component of evaluating a company's competitive strength and cost structure?

• A) evaluating how well the strategy is working
• B) scanning the environment to determine a company's best and most profitable customers
• C) assessing whether the company's costs and prices are competitive
• D) evaluating whether the company is competitively stronger or weaker than key rivals
• E) pinpointing what strategic issues and problems merit front-burner management attention

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Definitions:

Implied Authority

The power of an agent to perform acts that are reasonably necessary to accomplish the purpose of an organization, even if not explicitly granted.

Express Authority

An agent’s authority that the principal voluntarily and specifically sets forth as oral or written instructions in an agency agreement.

Apparent Authority

A situation where a reasonable person would understand that an agent had the power to act on behalf of a principal, even if the agent did not have actual authority.

Agency Relationship

A legal and principal relationship between two parties, where one (the agent) is authorized to act on behalf of the other (the principal) in business transactions.