The Value of Determining the Relative Competitive Strength of Each

question 36

Multiple Choice

The value of determining the relative competitive strength of each business a company has diversified into is to

• A)have a quantitative basis for identifying which businesses have large/small competitive advantages or competitive disadvantages vis-à-vis the rivals in their respective industries.
• B)have a quantitative basis for rating them from strongest to weakest in terms of contributing to the corporate parent's revenue growth.
• C)compare resource strengths and weaknesses,business by business.
• D)have a quantitative basis for rating them from strongest to weakest in contending for market leadership in their respective industries.
• E)have a quantitative basis for rating them from strongest to weakest in terms of contributing to the corporate parent's profitability.

Recognize the characteristics and challenges of low-income developing countries.

Identify economic measures used to classify countries' development status and their implications on development.

Analyze the relationship between economic growth rates and income disparities between developing and industrially advanced countries.

Comprehend the significance of efficient resource utilization for economic growth in both developing and advanced economies.

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Definitions:

Offeror

A person or entity who proposes a deal or contract to someone else, indicating their intention to enter into an agreement upon acceptance.

Consideration

Something of value that is exchanged between parties within a contract, which can be in the form of money, services, or promises, and is essential for the contract to be legally binding.

Ethical

Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.

Implied-In-Law Contracts

Implied-in-law contracts, also known as quasi-contracts, are contracts recognized by a court despite there being no agreement between the parties, to prevent unjust enrichment.