In Practice, Drawing the Boundaries of Industries and Markets Is

question 60

Multiple Choice

In practice, drawing the boundaries of industries and markets is:

• A)A matter of personal preference on behalf of top managers
• B)Almost impossible to carry out with rigor because it requires many "rules of thumb" and approximations
• C)Largely a matter of judgment and experience contingent on the purpose of the analysis
• D)Critical to the output of the analysis and therefore should only be undertaken with the help of an academic or consultant

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Definitions:

Robert Karasek

A researcher known for his contribution to occupational health psychology, notably the demand-control model of work stress.

Decision-Making

The cognitive process of selecting a course of action from among multiple alternatives.

Psychological Demands

The cognitive and emotional requirements placed upon an individual in the course of their work or daily activities.

Government Branch

A division or section of a government, typically within the context of the separation of powers, such as the executive, legislative, or judicial branches.