Delayed Marriages, Fewer People in Relevant Age Groups, and Rising

question 84

Multiple Choice

Delayed marriages, fewer people in relevant age groups, and rising interest rates dampening demand for houses illustrates

• A) that more than one segment of the general environment may affect an industry.
• B) that the global environment is not as powerful an influence as thought.
• C) that macroeconomic forces dominate the general environment.
• D) that the competitive environment often has a strong influence on the general environment.

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Definitions:

Marginal Physical Product

The change in output resulting from employing one more unit of a particular input, all else being constant.

Productivity

The measure of the efficiency of production, often evaluated as the ratio of output to inputs in the production process.

Complementary Resources

Natural or manufactured materials that work together with another resource in production to create a product or service.

Productivity

A measure of the efficiency of production, often expressed as the ratio of output to input in the production process.