Compared with the General Environment, the Industry Environment Has a More

question 61

True/False

Compared with the general environment, the industry environment has a more indirect effect on the firm's strategic competitiveness and ability to earn above-average returns.

---

Definitions:

Innovation

The process of creating new ideas, products, or methods, often leading to technological progress or market disruption.

Electricity Consumption

The amount of electrical power used by devices, systems, or facilities over a specific period of time.

Consumer

An individual who purchases goods or services for personal use rather than for manufacture or resale.

Implementation

The process of putting a decision or plan into effect; execution.