In making an overall assessment of a company’s competitive strength, the answer to which questions are of particular interest?Multiple Choice(1) Is the company’s resource strength sufficient to allow it to earn bigger profits than rivals, and (2) Are market opportunities unique, rare, long-lasting, and not able to be copied by rivals?(1) Is the company’s resource strength sufficient to allow it to earn bigger profits than rivals, and (2) Are market opportunities unique, rare, long-lasting, and not able to be copied by rivals?(1) How does the company rank relative to competitors on each important market success factor, and (2) Is the company’s resource strength sufficient to allow it to earn bigger profits than rivals?(1) How does the company rank relative to the competitors on each important market success factor, and (2) Does the company have a net competitive advantage or disadvantage versus major competitors?(1) Does the company have a gross competitive advantage or disadvantage versus major competitors, and (2) Does the company do a first-rate job of managing its value chain activities relative to its competitors?

Which one of the following is not something that can be learned from doing a competitive strength assessment?Multiple Choiceidentifying the competitive factors where a company is strongest and weakest vis-à-vis key rivals and the kinds of offensive/defensive actions the company can use to exploit its competitive strengths and reduce its competitive vulnerabilitiesthe extent to which a company’s customer value proposition is superior to its rivals’which of the rated companies is competitively strongest and what magnitude competitive advantage it enjoyswhether a company has a net competitive advantage or a net competitive disadvantage relative to key rivals (as indicated by the differences among the companies’ competitive strength scores)which rival company is competitively weakest and the areas where it is most vulnerable to competitive attack

Which of the following strategic questions can be used to assess a company's industry and competitive environment? (Check all that apply.)Multiple select question.What strategic moves should the company make to reduce overhead in the short term?What are the key factors of competitive success?What strategic moves are rivals likely to make next?Does the industry outlook offer good prospects for profitability?

What are attributes of a company that give it a competitive advantage or superior position?WeaknessesOpportunitiesThreatsStrengths

A sustainable competitive advantage is gained when a companyMultiple Choicehas sufficient resources to expedite its strategy.has durable competitive assets that are central to its strategy and superior to those of rival firms.realizes its inherent weaknesses are transformable to advantages.can stand out relative to rivals because of resource utilization.has resources in well-populated geographical locations.

Which of the following factors is not a significant influence on a company's competitive environment?Group of answer choiceshow many competitors are activehow profitable competitors arethe availability of supportive organizational structureswhat the market share of each competitor is