Competitve advantage - Study guides, Class notes & Summaries

BUSN 201 Exam Questions With Revised Answers What makes Canada a competitive and resilient economy? - answer1. productivity gains 2. Strong business investment 3. Technological innovation 4. Moderate wage increases 5. Favorable currency exchange rate G7/8 - answerCanada, USA, UK, Italy, Japan, France, Germany Foreign Direct Investment (FDI) - answer· In 2022, FDI into Canada totaled $726 billion · Largest trading partner = USA · Both Asia/Oceania are active investors in Canada 3 Fu...

strategy correct answers set of coordinated actions that its managers take in order to outperform the companys competitors and achieve superior profitability what are the 6 well considered choices about how to compete correct answers How to position the company in the marketplace How to attract customers How to compete against rivals How to achieve the company's performance targets How to capitalize on opportunities to grow the business How to respond to changing economic and market con...

GMS 200 Exam Review Questions With Correct Answers The key result of achieving competitve advantage is _______ A. An ability to sidestep government regulations. B. An ability to consistently do something of high value which one's competitors cannot replicate quickly or do as well. C. An ability to drive the competition out of business and to make extraordinarily high profits. D. An ability to establish a monopolistic market position. E. An ability to dictate consumer needs and preferenc...

CFA Level 1 Economics 241 Questions with Answers 2023 Price Elasticity of Demand Formula - CORRECT ANSWER (% Change in Quantity Demanded) / (%t Change in Price) Cross Elasticity of Demand Formula - CORRECT ANSWER (% Change in Quantity Demanded) / (% Change in Price of Substitute or Complement) Income Elasticity of Demand Formula - CORRECT ANSWER (% Change in Quantity Demanded) / (% Change in Income) Price Elasticity of Supply Formula - CORRECT ANSWER (% Change in Quantity Supplied)...

knowledge workers - People who spend most of their workday creating, using, and distributing information. roles of IS in business - Information systems support an organization's business processes, operations, decision making, and strategies for competitve advantage. support of business processes and operations - Using IT to reengineer business processes to suport e-business operations. support of business decision making - Using Web-based decision support systems to support sales manage...

Being in the dark - Profitting Being in the red - Losing money Business Environment - The setting in which business operates. Business Environment components - There are six type of business environment. Economic environment, competitive environment, workforce advantage, technological environment, social environment, and global environment Business technology - Tools used by business to become efficient and effective Ex. World Wide Web E-commerce Capital - Synthetic resources that a bus...

Chapter 1: Brands and brand management What is a brand? -­‐ Brand is derived from the old Norse word brandr, which means `to burn` -­‐ According to the American Marketing Association, a brand is a name, term, sign, symbol, or design, or a combination of them, intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of competition -­‐ Components that identify and differentiate a brand can be called brand elements Bran...

What makes Canada a competitive and resilient economy?☑️☑️ 1. productivity gains 2. Strong business investment 3. Technological innovation 4. Moderate wage increases 5. Favorable currency exchange rate G7/8☑️☑️ Canada, USA, UK, Italy, Japan, France, Germany Foreign Direct Investment (FDI)☑️☑️ · In 2022, FDI into Canada totaled $726 billion · Largest trading partner = USA · Both Asia/Oceania are active investors in Canada 3 Fundamental Market Composition princi...