ECONOMICS. EXPLAIN EACH QUESTION WITH ANSWERS ASAP OR I'LL RATE UNHELPFUL

121. Which of the following is no a likely strategy

for a firm in a purely competitive market?

a. Lean manufacturing.

b. Supply chain management.

c. Process reengineering.

d. Development of a brand name.

122. What is the purpose of a response profile in

competitor analysis?

a. To develop an understanding of the firm's

industry.

b. To analyze the firm's strengths in relation to its

competitors.

c. To identify possible actions by competitors.

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d. To understand the nature of the firm's major

markets.

123. The process of dividing all potential

consumers into smaller groups of buyers with

distinct needs, characteristics, or behaviors, who

might require a similar product or service mix, is

called

a. Strategic planning.

b. Market segmentation.

c. Product positioning.

d. Objective setting.

124. Which of the following measures of

unemployment would be of least importance to

management when trying to predict the future

state of the economy?

a. Structural unemployment.

b. Cyclical unemployment.

c. Frictional unemployment.

d. Overall unemployment.

125. Which of the following best describes the

steps involved in competitor analysis

a. Gathering information about the competitor and

using it to predict the competitor' behavior.

b. Determining the type of market structure and

the number of competitors.

c. Assessing the general environment and

determining how that affects competition.

d. Assessing the market structure to predict when

new competitors will enter the market.

126. All of the following are ways that companies

in developed countries generally may compete

with companies in developing countries except

a. Technology.

b. Customer service.

c. Quality.

d. Low-cost resources