When companies pursue operations that require new capabilities,Multiple choice question.they are likely to find that new businesses across the value chain have the same success factors as their core operation.they are unlikely to experience difficulties realizing early profits from the new operations.they may find that the new operations require skills that the company lacks.they are likely to enhance their capacity to keep pace with changes in technology.

If a low-cost provider has invested heavily in its current means of operating,Multiple choice question.the company can quickly and smoothly adapt to new technologies and means of operation.it will be expensive for the provider to shift to a new technology.the company will not alter its technology, no matter how innovative a new system might be.the company will sustain a competitive advantage even if rivals adopt new cost-saving technological breakthroughs.

Gaining new capabilities or competencies is one of the three main reasons companies Blank______.Multiple choice question.enter new marketseliminate employeesmake acquisitionssubmit to hostile takeovers

Select all that applyWhen there are improvements in technology at the supply stage of the value chain, a vertically integrated companyMultiple select question.may be required to incur high costs for abandoning old technologies in an effort to keep pace with suppliers.is likely to improve customer service by relying on older plants and technologies.will likely be in a good position to shop the market and purchase optimal products from suppliers.may need to continue producing suboptimal products rather than upgrading its technology.

A company's strengths are important because theyMultiple Choicepave the way for establishing a low-cost advantage over rivals.provide extra muscle in helping lengthen the company's value chain.provide extra organizational muscle in turning a core competence into a key success factor.represent the quality of its competitive assets that enhance its competitiveness in the marketplace.give it competitive protection against the industry's driving forces.

Explain why a new business may choose survival as their main business aim.