Economic profits–or rents–are present when…
5. Question 5 Economic profits–or rents–are present when… 1 / 1 point A firm has higher returns compared to an investment of similar risk A firm’s revenues exceed its costs …
Imagine several potato farmers operate in a competitive market. Farmer Jane decides to enter the market, shifting her 500 acre farm from corn to potatoes. What impact will her entry have on the profitability of the potato market?
4. Question 4 Imagine several potato farmers operate in a competitive market. Farmer Jane decides to enter the market, shifting her 500 acre farm from corn to potatoes. What impact…
The strategist’s challenge is to…
2. Question 2 The strategist’s challenge is to… 1 / 1 point Determine the most effective marketing plan for an organization Identify valuable competitive positions at the intersection of values, capabilities,…
What might a strategist learn about a nonprofit’s strategy based on its mission statement: To provide dignified care to our city’s aging population?
1. Question 1 What might a strategist learn about a nonprofit’s strategy based on its mission statement: To provide dignified care to our city’s aging population? 1 / 1 point Market opportunities…
How might an analyst use the environmental analysis tool?
12. Question 12 How might an analyst use the environmental analysis tool? 1 / 1 point To test a strategic position To understand and evaluate current or potential competitors To…
A pharmaceutical company is issued a patent on a powerful new arthritis medication. What impact might that patent have on its profitability in the pharmaceutical industry?
11. Question 11 A pharmaceutical company is issued a patent on a powerful new arthritis medication. What impact might that patent have on its profitability in the pharmaceutical industry? 1 / 1 point…
Would you complete a SWOT, competitor or environmental analysis to understand at the broadest level a firm’s internal capabilities and its external competitive environment?
10. Question 10 Would you complete a SWOT, competitor or environmental analysis to understand at the broadest level a firm’s internal capabilities and its external competitive environment? 1 / 1 point Competitor…
When is a firm more likely to earn higher profits?
9. Question 9 When is a firm more likely to earn higher profits? 1 / 1 point The firm’s key resources and capabilities are easily imitated There are barriers to entry…
Which of the following describes a perfectly competitive market?
8. Question 8 Which of the following describes a perfectly competitive market? 1 / 1 point Knowledge is limited. There are few firms competing in an industry. Products are varied….
Why might a CEO, a consultant, or an investor conduct a strategic analysis?
7. Question 7 Why might a CEO, a consultant, or an investor conduct a strategic analysis? 1 / 1 point To determine future profitability To assess an organization’s current competitive position…
