An Attractive Industry Is One That Is Characterized by High

question 78

True/False

An attractive industry is one that is characterized by high entry barriers,suppliers and buyers with strong bargaining power,low threats from substitute products,and low rivalry among firms.

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Definitions:

Position Analysis Questionnaire

A standardized tool used by organizations to evaluate the responsibilities and duties of a position.

Behaviours

The actions or reactions of a person or animal in response to external or internal stimuli.

Pay Grades

Categories of pay rates established to reflect differences in job complexity, responsibility, skills required, and market rates, intended to ensure fair and equitable pay.

Heavy-Duty Mechanic

A professional specialized in repairing, maintaining, and overhauling large machinery and vehicles that require robust engineering.