At a Strategic Management Retreat,Pentel Corporation Discussed Questions Such as "Does

question 13

Multiple Choice

At a strategic management retreat,Pentel Corporation discussed questions such as "Does this ability make us unique?","Does it cove a range of businesses?",and "Is it hard to imitate?".It would seem that Pentel is trying to

• A) figure out what it does.
• B) change strategic directions.
• C) identify its core competencies.
• D) discover its threats and opportunities.

---

Definitions:

Consumer's Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.

Mead

An alcoholic beverage created by fermenting honey with water, sometimes with various fruits, spices, grains, or hops included.

Demand Function

A mathematical expression that describes the relationship between the quantity demanded of a good or service and its determinants such as price, income, and prices of related goods.

Consumer's Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.