A business owner will gain an increased understanding of the unusual or unique competitive factors and capabilities of a business through
A)gap analysis.
B)competitive map.
C)resource-based analysis.
D)benchmarking.

Question

Quizplus · Accepted Answer

Resource-based analysis helps the business owner in identifying and evaluating the unique resources, capabilities, and competitive advantages of the business. This analysis involves identifying the strengths and weaknesses of the business, analyzing the skills and expertise of the employees, the available resources, and the processes that determine the quality of goods and services produced. Gap analysis helps in comparing the current performance of the business with the desired performance, while a competitive map helps in identifying the strengths and weaknesses of the business relative to its competitors. Benchmarking involves comparing the performance of a business with that of other similar businesses in the industry.

A Business Owner Will Gain an Increased Understanding of the Unusual