Asked by Jackson Boone on Jun 20, 2024
Verified
When assessing the strengths and weaknesses of a competitor,success factors are typically weighted by ________.
A) importance
B) distribution
C) profit rating
D) expenditure
Success Factors
The essential elements, strategies, or activities that are necessary for an organization or individual to achieve their goals and ensure long-term sustainability.
Expenditure
The act of spending funds or using resources for various purposes, such as operations, investments, or acquisitions.
- Understand the principles of weighting success factors in competitor analysis.
Verified Answer
DF
Daisy FloresJun 21, 2024
Final Answer :
A
Explanation :
Success factors are typically weighted by importance when assessing the strengths and weaknesses of a competitor. This allows for a more accurate evaluation and comparison of the competitor's overall performance and potential impact on the market. While factors such as distribution, profit rating, and expenditure may also be considered, they are typically secondary to the importance of each factor in relation to the competitor's overall success.
Learning Objectives
- Understand the principles of weighting success factors in competitor analysis.
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