Business, 13.07.2020 14:01 sshweeja

One difference between a Competitive Profile Matrix (CPM) and an External Factor Evaluation (EFE) is that:. A. CPM is only used in small firms. the weights and total weighted scores have different meanings.

B. CPM includes both internal and external issues.

C. CPM is performed only for the company, whereas EFE is performed for both the company and its competitors.

D. CPM ratings range from 1 to 10.

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Competitive Profile Matrix is a enterprise analytics device which permits enterprise owners, shareholder examine and examine the strengths and weaknesses of the agency in opposition to that of all predominant competition its enterprise at a glance.

Correct option is B.

CPM does now no longer most effective examine the agency's inner analytics however additionally comparisons. Where facts at the sports of opposition is available, the CPM ought to show to be a totally effective device for analyzing the competitiveness of an agency.

External Factor Evaluation Matrix is an analytical device which examines the agnecy's role with reference to outside factors and it is strategic goals. It is a spinoff of the SWOT device.

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Answer from: hannahbannana98

The correct answer is B)

CPM examines both internal and external factors.

Explanation:

Competitive Profile Matrix (CPM) is a business analytics tool which enables business owners, shareholder and stakeholders assess and analyse the strengths and weaknesses of the company against that of all major competitors its industry at a glance.

That is, CPM does not only analyse the company's internal analytics but also analyses those of other companies and makes comparisons. Where data on the activities of competition is available, the CPM could prove to be a very powerful tool for analysing the competitiveness of an organisation or how the organisation is performing in comparison to its competitors. For it to be effective, one must have corrected selected its competitors.

External Factor Evaluation (EFE) Matrix is an analytical tool which examines the company's position with regard to external elements and it's strategic goals. It is a derivative of the SWOT tool. With the EFE, there is a stronger focus on external elements as it affects the position of the company.

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One difference between a Competitive Profile Matrix (CPM) and an External Factor Evaluation (EFE) is...

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