Examlex
Which of the following statements correctly describes the majority of Canadian employers:
Forces of Competition
Forces of competition pertain to the external pressures in a marketplace from other firms that affect a company's ability to compete, often described in Porter’s Five Forces model.
Industry
A group of companies that operate in a specific sector of the economy, producing or supplying goods, services, or related technologies.
Strategic Plans
Long-term goals and the actionable steps designed to achieve an organization's objectives.
Business Plans
Documents that outline a company's strategy, financial forecasts, market analysis, and operational objectives.
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