In Most Industries, the Major Determinant of Industry Profitability Is

question 9

True/False

In most industries, the major determinant of industry profitability is the level of competition among the firms already competing in the industry.

---

Definitions:

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the medulla oblongata in the brainstem to the lumbar region of the vertebral column; it transmits neural signals between the brain and the rest of the body.

Neural Networks

Computing systems vaguely inspired by the biological neural networks that constitute animal brains, used in machine learning and artificial intelligence.

Central Nervous System

The complex of nerve tissues that controls the activities of the body, comprising the brain and spinal cord.

Neuron Branching Extensions

Refers to dendrites, the tree-like extensions from the neuron that receive signals from other neurons.