Two analytical tools useful in determining whether a company's prices and costs are competitive are
A)SWOT analysis and key success factor analysis.
B)SWOT analysis and benchmarking.
C)value chain analysis and benchmarking.
D)competitive position assessment and competitive strength assessment.
E)driving forces analysis and SWOT analysis.

Question

Quizplus · Accepted Answer

Value chain analysis can help identify where a company's costs may be higher than competitors, while benchmarking can provide insights into whether a company's prices are competitive compared to industry peers. SWOT analysis may be useful in understanding the company's overall strengths and weaknesses, but it may not provide as direct insight into pricing and cost competitiveness. Choice A and D may provide some insights into competitive position and factors contributing to success, but do not specifically address pricing and costs. Choice E focuses more on external factors driving the industry as a whole, rather than specific company pricing and cost issues.

Two Analytical Tools Useful in Determining Whether a Company's Prices