Which of the Following Is NOT an Attribute of an Attractive

question 35

Multiple Choice

Which of the following is NOT an attribute of an attractive industry?

• A) Is young rather than old
• B) Is not crowded
• C) Is late rather than early in its life cycle
• D) Is important to the customer
• E) Is fragmented rather than concentrated

Understand the orientations and approaches of effective managers in planning and problem-solving.

Recognize the importance of focus and flexibility in both organizational and individual contexts.

Understand the concepts of planning time horizons and their implications for organizational management.

Grasp the connection between planning and controlling within the strategic planning process.

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Definitions:

Costs

The expenses incurred in the production of goods or services or in the undertaking of any activity.

Manufacturing Overhead

The indirect costs associated with manufacturing, including costs for maintenance, utilities, and rent of factory facilities, not directly tied to specific units produced.

Prime Cost

The combined total of direct materials and direct labor costs associated with the production of a product, excluding overhead costs.

Direct Labor Cost

The wages and other remunerations paid to employees who are directly involved in the production of goods or the provision of services.