The strategically relevant factors outside a company's industry boundaries-economic conditions, political factors, sociocultural forces, technological factors, environmental factors, and legal/regulatory conditions- are known as ○ the competitive market environment that exists between a company and its competitors. O the industry and the competitive arena in which the company operates. O the dominant economic features of a company's industry. ○ general economic conditions plus the factors driving change in the markets where a company operates. O a company's macro-environment. Winning a sustainable competitive edge over competitors does not hinge on which of the following? ○ having hard-to-beat capabilities and impressive product innovation ○ building products and distributing them at low prices to a broad customer base irrespective of manufacturing cost ○ having a distinctive competitive product offering ○ building competitively valuable expertise and capabilities not readily matched and offering distinctive products ○ building experience, know-how, and specialized capabilities that have been perfected over a long period of time
The strategically relevant factors outside a company's industry boundaries-economic conditions, political factors, sociocultural forces, technological factors, environmental factors, and legal/regulatory conditions- are known as ○ the competitive market environment that exists between a company and its competitors. O the industry and the competitive arena in which the company operates. O the dominant economic features of a company's industry. ○ general economic conditions plus the factors driving change in the markets where a company operates. O a company's macro-environment. Winning a sustainable competitive edge over competitors does not hinge on which of the following? ○ having hard-to-beat capabilities and impressive product innovation ○ building products and distributing them at low prices to a broad customer base irrespective of manufacturing cost ○ having a distinctive competitive product offering ○ building competitively valuable expertise and capabilities not readily matched and offering distinctive products ○ building experience, know-how, and specialized capabilities that have been perfected over a long period of time
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
![The strategically relevant factors outside a company's industry boundaries-economic conditions, political
factors, sociocultural forces, technological factors, environmental factors, and legal/regulatory conditions-
are known as
○ the competitive market environment that exists between a company and its competitors.
O the industry and the competitive arena in which the company operates.
O the dominant economic features of a company's industry.
○ general economic conditions plus the factors driving change in the markets where a company operates.
O a company's macro-environment.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8d494b17-8b36-49e0-a6a1-3408f9cee0a7%2F6f1dd776-6d68-4642-a351-87503a30bf66%2F5n7m81l_processed.png&w=3840&q=75)
Transcribed Image Text:The strategically relevant factors outside a company's industry boundaries-economic conditions, political
factors, sociocultural forces, technological factors, environmental factors, and legal/regulatory conditions-
are known as
○ the competitive market environment that exists between a company and its competitors.
O the industry and the competitive arena in which the company operates.
O the dominant economic features of a company's industry.
○ general economic conditions plus the factors driving change in the markets where a company operates.
O a company's macro-environment.
![Winning a sustainable competitive edge over competitors does not hinge on which of the following?
○ having hard-to-beat capabilities and impressive product innovation
○ building products and distributing them at low prices to a broad customer base irrespective of manufacturing cost
○ having a distinctive competitive product offering
○ building competitively valuable expertise and capabilities not readily matched and offering distinctive products
○ building experience, know-how, and specialized capabilities that have been perfected over a long period of time](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8d494b17-8b36-49e0-a6a1-3408f9cee0a7%2F6f1dd776-6d68-4642-a351-87503a30bf66%2Fitofkvo_processed.png&w=3840&q=75)
Transcribed Image Text:Winning a sustainable competitive edge over competitors does not hinge on which of the following?
○ having hard-to-beat capabilities and impressive product innovation
○ building products and distributing them at low prices to a broad customer base irrespective of manufacturing cost
○ having a distinctive competitive product offering
○ building competitively valuable expertise and capabilities not readily matched and offering distinctive products
○ building experience, know-how, and specialized capabilities that have been perfected over a long period of time
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