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:

Sealed-Bid

A bidding process where all bids are submitted secretly, and the highest bid usually wins, often used in auctions or tendering processes.

Lemons

Sour-tasting citrus fruit that is often used in cooking or as a garnish, known for their high vitamin C content.

Expected Value

The anticipated value for a given investment, calculating all possible outcomes under a set of probabilities.

Dipstick

A tool used for measuring the quantity of a liquid in a reservoir, commonly used for checking oil levels in engines.