1. What does it mean to "deepen" one's competitive position?

   	a.	Expanding offerings in order to enter new markets.
   	b.	Growing your business by finding investment opportunities that allow strategic implementation to occur more easily.
   	c.	Leveraging your existing core competencies to continually create offerings that are of economic value.
   	d.	Acquiring a firm in order to sell off its assets.
   	e.	All of the above.

2 points

QUESTION 6

1. What is characteristic of an economic environment where the power of the buyer is strong?

   	a.	There is heavy discounting.
   	b.	There are only a handful of competitors in the sector.
   	c.	There is a single dominant player within the sector.
   	d.	The economy surrounding the market is heavily regulated.
   	e.	All of the above.