The Basic Premise of Industry Analysis Is That

question 46

Multiple Choice

The basic premise of industry analysis is that:

• A)Competition can be assessed between monopoly and perfect competition within the spectrum of industry structures
• B)The level of profitability within an industry is largely determined by the dynamics of the industry structure
• C)The internal variables of the firm determine a firm's performance within the industry
• D)Porter's five forces are the determinants of industry intensity of competition

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Definitions:

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The violation or breach of a law, agreement, or right.

Substantially Indistinguishable

Describes two or more items so similar in all important aspects that they cannot be clearly differentiated.

Trade Secret

Any practice, formula, process, design, instrument, pattern, or compilation of information not generally known or reasonably ascertainable, by which a business can obtain an economic advantage over competitors or customers.

Patent

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