Understanding the Structure of the Industry Helps Managers to Work

question 16

True/False

Understanding the structure of the industry helps managers to work out how to make a profit in future and to possibly identify ways to change the industry structure to their advantage.

---

Definitions:

High On Control

Describes individuals or situations where there is a significant emphasis on maintaining control or authority.

Low On Warmth

describes a person or environment that lacks friendliness, affection, or enthusiasm.

Less Intense

Describing something that is not as strong, severe, or extreme in its nature or degree.

More Egalitarian

Pertaining to principles of equality, where people enjoy equal rights and opportunities without discrimination.