Which of the Following Is NOT Considered a Benefit of Industry

question 37

Multiple Choice

Which of the following is NOT considered a benefit of industry analysis?

• A) It can be a powerful tool to aid in a manager's strategic thinking.
• B) It recognizes how competitive forces are isolated and do not impact each other.
• C) It stimulates systematic thinking about strategic choices.
• D) It makes it easier to identify opportunities and threats within an industry.
• E) It can result in profitable changes to existing strategies.

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Definitions:

Single-Tax Movement

A political and economic movement that advocates for a single tax, often on land, to replace all other taxes, based on principles advocated by Henry George.

Allocative Efficiency

A state of resource allocation where it is impossible to make any one individual better off without making someone else worse off.

Private Ownership

The legal right held by individuals or corporations to have exclusive control over and use of property, assets, or commodities.

Opportunity Cost

Opportunity cost is the value of the next best alternative forgone as the result of making a decision.