Understanding the Competitive Forces in an Industry Is

question 52

Multiple Choice

Understanding the competitive forces in an industry is

• A)a largely futile exercise for managers.
• B)is of academic interest, but does not bring any value for strategic management.
• C)a way to enable managers to allocate their resources where competition is the strongest.
• D)a way to enable managers to position the firm where its particular capabilities can be deployed to best advantage.

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Definitions:

Insulin

A pancreas-derived hormone that assists in controlling blood glucose levels by facilitating the entry of glucose into the body's tissues.

Glucose

A simple sugar that is an important source of energy and is involved in many metabolic processes.

Nitrogenous Waste

Waste products that contain nitrogen, typically produced by the metabolic processing of proteins and nucleic acids, and excreted in the form of urea, ammonia, uric acid, or creatinine.

Ion Balance

The maintenance of proper concentration of ions inside and outside the cell, crucial for various physiological processes including nerve impulse transmission and muscle contraction.