The Value of Doing Competitive Strength Assessment Is to

question 42

Multiple Choice

The value of doing competitive strength assessment is to

• A)determine the competitiveness of the company's core competencies.
• B)learn if the company's market opportunities are better than those of its rivals.
• C)learn whether a company has a distinctive competence.
• D)learn how the company ranks relative to rivals on each of the important factors that determine market success and ascertain whether the company has a net competitive advantage or disadvantage vis-à-vis key rivals.
• E)determine whether a company's resource strengths are sufficient to allow it to earn bigger profits than rivals.

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Definitions:

Equivalent Units

A concept in cost accounting used to allocate costs in the production process when mixing inputs and outputs, providing a way to measure work done in terms of homogeneous units.

Process Costing System

An accounting system used to apply costs to similar products that are mass-produced in a continuous fashion.

Completion

The state of being finished or brought to the end, often referring to projects, construction, or specific tasks.

Cost Object

Any item for which a separate measurement of costs is desired, such as products, services, projects, or departments.