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Questions and Answers
What is the primary reason why employees are considered internal stakeholders?
Why are customers considered external stakeholders?
What is the expectation of creditors from a business?
Why are managers considered internal stakeholders?
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What is the primary difference between internal and external stakeholders?
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What type of business activity involves a company selling to another company?
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What is one possible use of economic power in business according to the text?
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What type of power do firms supported by the government have?
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What is required to win a legal fight against a company that is copying your product?
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Why is it important to keep information private?
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What is a stakeholder map used for?
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What is an alternative solution if a company lacks the resources to take legal action against a company copying their product?
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What is the formula for calculating volume market share?
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What does a relative market share greater than 1 indicate?
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What is the primary goal of measuring customer satisfaction?
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What is an example of a company asset?
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What is the difference between capabilities and competences?
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What is the type of brand awareness where a customer recalls a brand without prompting?
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What is the importance of coordinating an organisation's value chain with its supplier's value chain?
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What is the purpose of conducting a SWOT analysis?
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What are considered internal factors in a SWOT analysis?
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What is an example of a company's main skill?
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What does proprietary technology refer to?
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What is involved in an internal assessment of an organisation?
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What is the reason behind companies acquiring other companies, such as Nestle buying Buitoni?
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What makes substitutes more competitive in a market?
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What is the key difference between greenfield investments and brownfield investments?
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What gives suppliers and buyers more power in a market?
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What is the benefit of acquiring an existing company in a market?
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What type of investment involves buying an existing company to eliminate a potential future competitor?
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