A Company Resource Weakness or Competitive Deficiency

question 119

Multiple Choice

A company resource weakness or competitive deficiency

• A) represents a problem that needs to be turned into a strength because weaknesses prevent a firm from being a winner in the marketplace.
• B) causes the company to fall into a lower strategic group than it otherwise could compete in.
• C) prevents a company from having a distinctive competence.
• D) usually stems from having a missing link or links in the industry value chain.
• E) is something a company lacks or does poorly (in comparison to rivals) or a condition that puts it at a disadvantage in the marketplace.

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Definitions:

Cohesive Groups

Groups that show a high level of camaraderie and unity, with members often working effectively together towards common goals.

Normative Pressure

A social influence resulting from the desire or pressure to conform to the expectations of others.

Mental Concentration

The cognitive process of focusing one's attention on a specific task, object, or thought, while ignoring distractions, to improve efficiency or performance in activities.

Role Conflicts

Occurs when an individual encounters incompatible demands from two or more statuses they hold.