Which of the Following Factors Should a Company Consider When

question 36

Multiple Choice

Which of the following factors should a company consider when determining if an industry offers good prospects for attractive profits?

• A)The industry's growth potential,whether competition appears destined to become stronger or weaker,how the industry's driving forces might affect overall industry profitability,the company's competitive position relative to rivals,and the company's proficiency in performing industry key success factors
• B)An assessment of which firms in the industry have the best and worst competitive strategies,whether the number of strategic groups in the industry is increasing or decreasing,and whether economies of scale and experience curve effects are a key success factor
• C)Whether there are more than five key success factors and more than five barriers to entry
• D)Constructing a strategic group map and assessing the attractiveness of the competitive position of each strategic group
• E)Whether the market leaders enjoy competitive advantages and how hard it is to develop a strongly differentiated product

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Definitions:

Economic Policy

Strategies and actions taken by the government to manage its economic affairs, aiming at objectives like sustainable growth, high employment, and stable prices.

Utility

A measure of the satisfaction, usefulness, or value that a consumer receives from consuming a product or service.

Subjective Benefit

The personal value or advantage gained by an individual from a product or service, which varies from person to person.

Course of Action

A plan or strategy intended to accomplish a specific goal or resolve a problem.