Identifying Key Success Factors Within an Industry Requires Answers to the Following

question 2

Multiple Choice

Identifying key success factors within an industry requires answers to the following questions:

• A)What do customers want and what should the firm do to survive competition?
• B)What is a firm's unique selling proposition?
• C)Which of the five forces of competition most threaten a firm's survival and how could the firm deal with them?
• D)What are the main sources of a company's cost efficiency?

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Definitions:

Human Capital

Human capital refers to the collective skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Productivity

The efficiency with which input resources are converted into outputs, often measured as the amount of output produced per unit of input.

Discount Rate

The discount rate refers to the interest rate used in discounted cash flow analysis to determine the present value of future cash flows or to assess the attractiveness of an investment.

Net Present Value

The calculation used to find the present worth of a series of future cash flows by discounting them at a given interest rate, important for investment analysis.