Asked by Azreen Azahari on Jul 07, 2024
Verified
Which of the following indicates how well a firm is succeeding in comparison to a competitor?
A) value map
B) fixed costs
C) market share
D) experience curve
Value Map
A visual tool used to compare the value propositions of different products or services in the market from a customer's perspective.
Experience Curve
The concept that costs decline as firms gain experience in production, leading to improved efficiency and lower costs per unit over time.
- Identify the wider consequences of a company's market share on its performance indicators.
Verified Answer
AA
Amanowil AbadirJul 10, 2024
Final Answer :
C
Explanation :
Market share is the percentage of sales that a company has in a particular market, which is a direct indicator of how well a firm is doing relative to its competitors. A higher market share indicates that the company is more successful than its competitors in that particular market. The other options do not provide a direct comparison to a competitor's performance.
Learning Objectives
- Identify the wider consequences of a company's market share on its performance indicators.