Managers Must Anticipate How the Strength of Industry Competitive Forces

question 18

True/False

Managers must anticipate how the strength of industry competitive forces will change as the industry evolves and then formulate appropriate strategies to take advantage of opportunities.

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Definitions:

Stimulus Magnitude

The intensity of a stimulus, which can influence the strength and type of response it elicits.

Light Enters

Refers to the process by which visible light makes its way into a space or material, initiating visibility or photosynthesis.

Pupil

The opening in the center of the iris of the eye, which regulates the amount of light that enters the eye.

Cornea

The clear, front part of the eye covering the iris and pupil, helping to focus incoming light.