Question: QUESTION 9 Why is it important for managers to correctly define the industry boundaries their company operates within? a . To ensure they are using

QUESTION 9
Why is it important for managers to correctly define the industry boundaries their company operates within?
a. To ensure they are using the most advanced technology in their products
b. To avoid being caught off-guard by competitors who serve the same basic customer needs but with different product offerings
c. To identify new customers to sell their products to
d. To increase the number of products they offer to their customers
e. To keep their products differentiated from their competitors
QUESTION 9 Why is it important for managers to correctly define

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Why is it important for managers to correctly define the industry boundaries their company operates within? a . To ensure they are using the most advanced technology in their products b . To avoid...

Q:

1. Give different instances where substitute products pose threats to an industry Threats of Substitute Products A substitute product can pose great threats in an industry environment if the...

Q:

Question: Put together risk assessment? Sample attached: age of checks. 3. Verify who has access to safes (or locations where cash/checks are stored and determine if the person has a business reason...

Q:

Assessment Details Qualification Code/Title ICT50220 Diploma of Information Technology Assessment Type Assessment -01 (Written Questions) Time allowed Due Date Location AHIC Term / Year Unit of...

Q:

Contents The Team..3 Group Contact Information.3 Mission Statement3 Foundation and Group Communications Plan.3 Group Communications Methods.4 Group Goals.5 Group Development and Norms.6 Developing...

Q:

RUNNING HEAD: TOYOTA COMPANY CRISIS 1 TOYOTA COMPANY CRISIS Kristina Cacaj Capella University RUNNING HEAD: TOYOTA COMPANY CRISIS 2 From the last quarter of 2009, the popular vehicle corporation...

Q:

wk10 - Assignment 5: Business Plan - Final business plan and business plan financials. Note that this isSafeAssign check Running head: GOGOLD CORPORATION Week3: Assignment 1: Company Description and...

Q:

I just want to ensure I am on the right track. The question I would like an answer to is "Should HT be assigned a going concern classification ? why or why not? Consider whether the amounts in...

Q:

I just want to ensure I am on the right track. The question I would like an answer to is "Should HT be assigned a going concern classification ? why or why not? Consider whether the amounts in...

Q:

I just want to ensure I am on the right track. The question I would like an answer to is "Should HT be assigned a going concern classification ? why or why not? Consider whether the amounts in...

Q:

What is the key characteristic of a present obligation?

Q:

Existing Machine The existing machine posed safety challenges to the staff members. A competitor had offered $35,000 cash for the machine, an amount that represented its current book value .If...

Q:

A financial risk of home ownership is that property values may decrease.

Q:

Create a C# application named SalesTransactionDemo that declares several SalesTransaction objects and displays their values and their sum. The SalesTransaction class contains the following fields:...