Which of the Following Is a Tool a Manager Can

question 23

Multiple Choice

Which of the following is a tool a manager can use to analyze competitive intelligence and identify competitive advantages?

• A) The three generic strategies.
• B) The threat of substitute buyer power.
• C) Differentiated costs.
• D) Supplier loyalty.

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Definitions:

Diseconomies of Scale

The situation where a company or business grows so large that the costs per unit increase, leading to inefficiency.

Constant Returns to Scale

A condition in production where increasing the inputs results in a proportional increase in output.

Diseconomies of Scale

A condition in which a firm experiences increased costs per unit when it scales up its production due to inefficiencies.

Output Q₁

A specific quantity of goods or services produced by a firm or economy at a given time, indicated as "Q₁" to denote a particular level of output.