Historical Comparisons Provide Information to Managers About Changes in the Competitive

question 52

Multiple Choice

Historical comparisons provide information to managers about changes in the competitive position of a firm.Historical comparisons often are misleading

• A) if the overall strategy of the firm is the same.
• B) if the firm shows constant growth.
• C) in periods of recession or economic boom.
• D) if the firm's stock is publicly traded.

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Definitions:

Self-concept

The entirety of an individual's thoughts and feelings regarding themselves, including their identity and perception of their own abilities and attributes.

Vicious Cycle

A sequence of reciprocal cause and effect in which two or more elements exacerbate each other, leading to a worsening scenario.

Self-Fulfilling Prophecy

The tendency for a prediction to actually occur once it is believed; for example, when a victim believes that prejudice against him or her is true, then fulfills these negative expectations.

Tendency

An inclination or predisposition to think, behave, or proceed in a particular way.