The Business Strengths Dimension of the GE Grid Focuses On

question 339

Multiple Choice

The business strengths dimension of the GE grid focuses on:

• A) market diversity.
• B) the question: Does this product-market plan look like a good idea?
• C) the ability of the company to pursue a product-market plan effectively.
• D) industry profitability.
• E) the social and legal environment.

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Definitions:

Unit Tax

A tax that is imposed on a per unit basis, meaning that a specific amount is taxed for each unit of a good or service sold.

Total Costs

The total of variable and fixed expenses a business faces during the manufacturing of products or delivery of services.

Inverse Demand Function

Expresses the price of a good or service as a function of the quantity demanded, illustrating how price varies with changes in demand.

Unit Tax

A fixed amount of tax imposed on a product or service, regardless of its price.