Gerald is planning on setting up a burger joint in his hometown. He finds out the NAICS (North American Industry Classification System) code for his business. From this information, he is able to understand that his immediate area contains virtually no competitors and has the potential to do very well. In the context of the critical steps involved in conducting an external analysis, Gerald is ________.
A. examining and developing insights about substitutes
B. drawing a set of competitive maps
C. defining the industry in which he is competing
D. starting to develop an understanding of his competitive advantage
Answer: C
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An index of thirty major U.S. industrial companies is the
A. NASDAQ index. B. NYSE index. C. Dow Jones Industrial Average. D. S&P 500.
A Japanese firm is ready to sell its recent technological innovation to the U.S. government. But it has asked for 80 percent in cash and the rest in mica. The Japanese firm is looking to enter into a(n) ________ with the U.S. government
A) functional discount B) compensation deal C) buyback arrangement D) offset agreement E) barter deal
Proposals related to ________ include promoting the use of sustainable ingredients, recycling and reducing solid wastes, and managing energy consumption
A) the right to be informed B) consumer protection C) preserving the world for future consumption D) quality of life E) the right to charge any price for the product
Which of the following best describes the pluralist view of conflict in the workplace?
A. Almost every issue that arises in the workplace is characterized by conflict between the interests of employers and employees. B. The fact that there are multiple parties to the employment relationship doesn't mean that there are also competing interests between them. C. Not all workplace issues can be thought of and resolved through a focus on shared interests between employers and employees. D. No government involvement. Very few issues that arise in the workplace are characterized by conflict between interests of employers and employees.