The BCG or Boston Consulting Group Is Probably Best Known

question 94

Multiple Choice

The BCG or Boston Consulting Group is probably best known for its:

• A)growth-share portfolio matrix.
• B)focus on Hugo's Ski Shack which rents water skis to vacationers.
• C)website which offers planning guidelines and interactive strategy case.
• D)stands on ethical issues.

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Definitions:

Comparative Advantage

The capacity of a party to produce products or services with a lesser opportunity cost compared to others.

Opportunity Cost

The cost of the next best alternative foregone when making a decision.

Specialization

A focus on a narrow area of knowledge or skill, leading to greater efficiency and expertise in that area.

Farmer

An individual who engages in the act of agriculture, raising living organisms for food or raw materials.