Based on an Analysis of the Five Competitive Forces, in Which

question 113

Multiple Choice

Based on an analysis of the five competitive forces, in which of the following industries is profitability likely to be lowest?

• A)pharmaceuticals
• B)wireless lighting systems
• C)wearable fitness and health monitors
• D)pizza restaurants
• E)delivery services using drones

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Definitions:

Social Facilitation

The tendency for people to perform tasks better or more efficiently when in the presence of others than when alone.

Simple Tasks

Tasks that require a minimal amount of cognitive effort and skill to complete.

Complicated Tasks

Tasks that are multifaceted and complex, requiring significant mental effort, skill, or resources to complete successfully.

Social Compensation Effects

The phenomenon whereby individuals work harder in a group to compensate for the perceived lower performance of others.