Author Question: The firm Patrick started nearly a decade ago is commonly referred to as a market leader. Upon ... (Read 32 times)

HudsonKB16 · **on:** Jun 28, 2018

The firm Patrick started nearly a decade ago is commonly referred to as a market leader. Upon reflecting on the leadership status of his company, Patrick considered the qualities that could eventually bring a firm to a leading position in the marketplace. Which of the following is likely NOT a reason in Patrick's mind for a company being classified as a leader?
a. Sometimes a company is said to be the leader because it has the largest market share.
b. Sometimes a company is said to be a leader because it was first to market.
c. Sometimes a company is said to be a leader because it is a consistent and profitable follower.
d. Sometimes a company is known for being innovative or quick to improve some other company's ideas.

Question 2

A discriminant score above the cutting score places observations in one group, while a discriminant score below the cutting score places them in another.

Indicate whether the statement is true or false