A Company That Is at a Disadvantage in the Marketplace

question 87

Multiple Choice

A company that is at a disadvantage in the marketplace because it lacks competitively valuable resources possessed by rivals

• A)should consider divesting assets and making future investments in promising new industries.
• B)may be able to develop substitute resources that accomplish the same objective as the competitively valuable resource possessed by rivals.
• C)can still marshal competitive power in the marketplace by incorporating product or service features desired by niche buyers.
• D)is virtually blockaded from using offensive strategies and must rely on defensive strategies.
• E)should abandon strategy elements that have caused its weakness in the marketplace.

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Definitions:

Scores

Quantitative measures used to assess performance, ability, or achievement in various fields.

Standardization

The process of implementing and developing technical standards based on the consensus of different parties to ensure that materials, products, processes, and services are fit for their purpose.

Interpreting Scores

The process of analyzing and understanding the significance of scores from tests or assessments in their given context.

Standardized Test

A form of test that is administered and scored in a consistent manner to ensure fairness and accuracy in measuring a specific skill or knowledge area.