ACFE CFE-Financial-Transactions-and-Fraud-Schemes Q&A - in .pdf

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NEW QUESTION: 1
A starting point for developing competitive strategies is customer value analysis (CVA). According to theCVA approach.
A. Distant competitors are the usual threats.
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Answer: C
Explanation:
Bad competitors should be targeted rather than good competitors. The former disturb the competitive equilibrium, e.g., by excessive expansion of capacity or overly risky behavior. The latter make sound business decisions that promote the long-term health of the industry, e.g., about prices, entry into newsegments, and pursuit of market share.

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