In Evaluating Whether the Industry and Competitive Environment Presents Sufficiently

question 106

Multiple Choice

In evaluating whether the industry and competitive environment presents sufficiently attractive prospects for both competitive success and attractive profits usually does not involve a consideration of which of the following factors?

• A)the industry's growth potential and whether competitive pressures will likely grow stronger or weaker, and whether strong competitive forces are squeezing industry profitability to subpar levels
• B)whether the company occupies a stronger market position than rivals
• C)whether the industry's future profitability will be favorably or unfavorably affected by the prevailing driving forces
• D)the severity of the macro-environment problems confronting the industry
• E)whether the industry's product is strongly or weakly differentiated

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Definitions:

Occupational Groups

Categories of jobs that are similar in terms of the tasks and duties involved, often used for classification and research purposes.

Reinforcement Processes

Methods and principles used to increase or decrease the likelihood of a behavior's occurrence through consequences or rewards.

Cultural Distance

is the measure of how different one culture is from another, which can affect international business operations, communication, and negotiation.

Acquisitions

The act of obtaining or taking possession of something, often referring to a company's purchase of another company.