Lesson 4.1 Glossary

What is the supplementary material at the end of a book, article, document, or other text, usually explanatory, statistical, or bibliographic called?

• Appendix

• Index

• Glossary

• Preface

What is the rivalry in which every seller tries to get what other sellers seek: sales, profit, and market share by offering the best practical combination of price, quality, and service called?

• Competition

• Collaboration

• Monopoly

• Barter

Tags

NGSS.MS-ETS1-2

What is a condition or circumstance that puts a company in a favorable or superior business position called?

• Competitive advantage

• Market share

• Revenue stream

• Brand loyalty

What is the collection and analysis of information about rival firms called?

• Competitive analysis

• Market segmentation

• Product positioning

• Financial auditing

What is a good or service that can be sold in profitable quantities (within a particular market) based on its price, quality, and service combination preferred by buyers over that offered by competing products called?

• Competitive product

• Monopoly product

• Generic product

• Obsolete product

What describes a company that produces a virtually identical good or service offered for sale within the same market as those produced by one or more other companies?

• Direct competitor

• Supplier

• Distributor

• Indirect customer

What is the result or achievement toward which effort is directed; aim; end?

• Goal

• Obstacle

• Routine

• Mistake

What is the competition among the suppliers of different types of products that satisfy the exact needs called?

• Indirect competition

• Direct competition

• Monopolistic competition

• Perfect competition

What do you call a person who puts money to use, by purchase or expenditure, in something offering potential profitable returns, such as interest, income, or appreciation in value?

• Investor

• Borrower

• Employee

• Lender

What is part of a SWOT analysis that identifies the external factors of your competitor's business, product, or service that are advantages for them called?

• Opportunities

• Strengths

• Weaknesses

• Threats