Answer: A) Sort the core capabilities and competencies according to strategic importance.
Explanation:
This is the 4th step of the First phase of the Capabilities Assessment Profile which is to "Identify Distinctive Capabilities". It deals with identifying the Core and Distinctive Capabilities of the Organization to determine if those Capabilities provide wide access to new markets as well as if the Capabilities provide tangible benefits to customers and if the Capability is difficult to be copied by the competition.
Population of household composition, price of real estate in the area, availability of mortgage credit, consumer tastes, and income of consumers are all indicators of demand.
Demand can be defined as an economic principle which involves the willingness of a customer to pay an amount of money (price) for a desired goods or services it need or requires.
Simply stated, demand for goods and services rest solely upon the consumer of such goods and services.
Relative market share of a company or product is a measure that is used to compare the market of a company or product to the market of the largest company, product or competitor in the market. That is, the benchmark that is employed to estimate relative market share is the market share of the leader in the market.
Relative market share is useful in assessing the success, strength and position of a product or firm in the market.
Therefore, Heather is working on determining the relative market share of the product.
The correct answer is letter "A": We respond to marginal benefits and marginal costs.
Explanation:
Rational Choice Theory assumes an individual will always make prudent and optimal decisions that yield the most benefits. It is the basis of most mainstream economic theories. The rational choice theory considers the marginal benefit compared to the marginal cost of individuals' decisions. It could prevent people from taking an option without analyzing what is most beneficial for them.
