Dallas Developed in the Late Nineteenth Century as a Result

question 10

Multiple Choice

Dallas developed in the late nineteenth century as a result of

• A) the intersection of two railroad lines.
• B) the development of the Port of Dallas.
• C) the easy access to the Rio Grande River.
• D) the development of a large international airport.
• E) becoming the cattle-trading hub for the state.

Identify and analyze the patterns of strategic decision-making within organizations.

Recognize the role of organizational culture in shaping strategic direction.

Understand the critical elements of a SWOT analysis and its application in strategic planning.

Understand the key components and purpose of an organisation's mission statement.

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Definitions:

Purely Competitive Industry

An industry characterized by many buyers and sellers, free entry and exit, and a product that is homogeneous, leading to the establishments of a market price for all participants.

Industry Elastic

The responsiveness of the quantity demanded or supplied of goods or services in an industry to changes in price.

Differentiated Product

A product that is distinct from its competitors because of features, branding, quality, or other attributes that make it unique in the eyes of consumers.

Purely Competitive Industry

An industry structure characterized by many small firms producing identical products with no single firm able to influence market prices.