Multiple Choice Question
Advantages based on brand loyalty, proprietary technology, preferential access to raw materials, and favorable geographic locations are examples of .
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Advantages based on brand loyalty, proprietary technology, preferential access to raw materials, and favorable geographic locations are examples of .
Answer ModeMultiple Choice QuestionYour Answer correctAdvantages based on brand loyalty, proprietary technology, preferential access to raw materials, and favorable geographic locations are examples of Blank______.Multiple choice question.advantages dependent on sizeReason: These adva...
Read MoreCost advantages that accrue for firms with larger output because they can spread fixed costs over more units and can employ technology more efficiently are called .
Economies of scale...
Read MoreAnswer ModeFill in the Blank QuestionYour Answer correctFill in the blank question.The threat of entry is high when capital requirements are lowField 1Field 1 low , Correct Unavailable in comparison to the expected returns.Correct AnswerQuestionField 1: low, lower, or&n...
Read MoreWhen a firm is able to maximize the gap between , it increases its competitive advantage.
Answer ModeMultiple Choice QuestionYour Answer correctWhen a firm is able to maximize the gap between Blank______, it increases its competitive advantage.Multiple choice question.the PESTEL analysis and the industry analysisthe cost of production and the value of what it producescorrectthe...
Read MoreIf a business considers changing vendors, but doing so would require that business to alter product specifications, retrain employees, and/or modify existing processes, we would say the business faces significant .
Answer ModeMultiple Choice QuestionYour Answer correctIf a business considers changing vendors, but doing so would require that business to alter product specifications, retrain employees, and/or modify existing processes, we would say the business faces significant Blank______.Multiple ch...
Read MoreObstacles that determine how easily a firm can enter an industry, are called .
Answer ModeMultiple Choice QuestionYour Answer correctObstacles that determine how easily a firm can enter an industry, are called Blank______.Multiple choice question.entry barrierscorrectthreats of substitutesrivalry barrierssupplier barriersCorrect AnswerQuestionentry barriers...
Read MoreWhat term describes the positive effect that one user of a product or service has on the value of that product or service for other users?
Answer ModeMultiple Choice QuestionYour Answer correctWhat term describes the positive effect that one user of a product or service has on the value of that product or service for other users?Multiple choice question.mass effectmultiplicity effectnetwork effectcorrectuser effectCorrect AnswerQu...
Read MoreIn the five forces model, threat of entry refers to the risk .
Answer ModeMultiple Choice QuestionYour Answer correctIn the five forces model, threat of entry refers to the risk Blank______.Multiple choice question.of excessive startup costsof potential competitors entering the industrycorrectthat firms face due to strict government regulationthat fir...
Read MoreThe weaker the five forces in Porter's model, the the industry's profit potential.
Answer ModeMultiple Choice QuestionYour Answer correctThe weaker the five forces in Porter's model, the Blank______ the industry's profit potential.Multiple choice question.less certaingreatercorrectless differentiatedlowerCorrect AnswerQuestiongreater...
Read MoreAnswer ModeFill in the Blank QuestionYour Answer correctFill in the blank question.The cost advantages that a firm obtains by increasing output, such as by spreading fixed costs over more units, are called economies of scaleField 1Field 1 scale , Correct Unavailable.Correct AnswerQuestionF...
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