The ________ Model Is Used to Describe the Interaction of External

question 54

Multiple Choice

The ________ model is used to describe the interaction of external forces that affect an organization's strategy and ability to compete.

• A) network economics
• B) competitive forces
• C) competitive advantage
• D) demand control

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Definitions:

Social Overhead Capital

Investment in basic infrastructure facilities such as roads, bridges, and utilities that are necessary for economic development.

Basic Infrastructure

Fundamental facilities and systems serving a country, city, or area, including transportation and communication systems, power plants, and schools.

Power Generation

The process of producing electricity through various means like fossil fuels, nuclear power, or renewable resources.

Import Substitution Strategy

An economic policy aimed at reducing foreign dependency by encouraging local production of industrialized products.