It is a strategic analysis that allows you to compare your company to your competitors.

CPM is a tool that helps an organization identify its strengths and weakness in relation to that of other competitors.

After completing the CPM process the management will be able to conduct ALL of the following EXCEPT:

In CPM each area of competitive importance is called critical success factors.

The advantage of a Competitive Profile Matrix is that:

There are five (5) major components in CPM.

There are three (3) major components in CPM.

Critical success factors are factors that are deemed determine to be affectors of success within your industry.

An online shop could identify ____________________ as critical success factor to its operation.

A high class subdivision may capitalize on which critical success factor:

Vixta Residences has identified two critical success factors for their real estate project and these are: marketing and innovation where marketing has 0.40 weighted score and innovation has 0.60. The Vixta audit team rated (scored) marketing as 1 and innovation as 4. Given the rating scale of 1= major weakness; 2 = minor weakness; 3 = minor strength and 4 = major strength which of the following statement is correct?

Vixta Residences has identified two critical success factors for their real estate project and these are: marketing and innovation where marketing has 0.40 weighted score and innovation has 0.60. The Vixta audit team rated (scored) marketing as 1 and innovation as 4. Given the rating scale of 1= major weakness; 2 = minor weakness; 3 = minor strength and 4 = major strength which of the following statement is correct?

Vixta Residences has identified two critical success factors for their real estate project and these are: marketing and innovation where marketing has 0.40 weighted score and innovation has 0.60. The Vixta audit team rated (scored) marketing as 1 and innovation as 4. Given the rating scale of 1= major weakness; 2 = minor weakness; 3 = minor strength and 4 = major strength which of the following statement is correct?

In CPM tool the company with the highest total score is the company that is strongest in the marketplace/ industry.

For a restaurant business this critical success factor might be scored higher in the industry.

Among the disadvantage of using CPM is:

Vixta Residences has identified two critical success factors for their real estate project and these are: marketing and innovation where marketing has 0.40 weighted score and innovation has 0.60. The Vixta audit team rated (scored) marketing as 1 and innovation as 4. Given the rating scale of 1= major weakness; 2 = minor weakness; 3 = minor strength and 4 = major strength which of the following statement is correct?

A weighted score of 0.0 in a critical success factor would mean:

A weighted score of 1.0 in a critical success factor would mean:

Different organizations in the same industry have similar strengths and weaknesses.

Different organizations in the same industry have different strengths and weaknesses.

In CPM tool the company with the highest total score is the company that is weakest in the marketplace/ industry.

CPM and EFE are different in a sense that the former focuses on knowing their competitive advantage in terms of relative strengths and weaknesses while EFE focuses on opportunities and threats in the industry affecting their organization.

CPM and EFE are different in a sense that the former focuses on knowing their competitive advantage in terms of industry opportunities and threats while EFE focuses on relative strengths and weaknesses in the industry affecting their organization.

Before you can produce the CPM, you need to identify the critical success factors that matter in the industry.

In some cases a manager can identify critical success factors in the industry after producing the CPM.

When working with a four-point scale in CPM, a supermarket with the best location might be assigned a score of 4, while the supermarket with the worst location might earn 1.

When working with a four-point scale in CPM, a supermarket with the best location might be assigned a score of 1, while the supermarket with the worst location might earn 4.

Which of the following factors should be included in the conduct of CPM:

Political, governmental, and legal factors can represent key threats or opportunities for both small and large organizations.