One Can View the Connection Between the General Environment and the Industry

question 20

Multiple Choice

One can view the connection between the general environment and the industry environment as

• A)the general environment is diffuse, whereas the industry environment consists of a small number of close competitors.
• B)the industry environment consists of customers, suppliers, rivals, and new entrants, whereas the general environment comprises everything else.
• C)the industry environment includes customers, competitors and suppliers, whereas the general environment matters to the extent that it affects the industry environment.
• D)the critical influence of the industry environment on the wider social environment.

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Definitions:

Turnkey Operation

A type of project that is constructed so that it could be sold to any buyer as a completed product. This term is commonly used in the real estate sector.

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Licensing

An agreement in which a company allows another party to use its intellectual property, brand, or product in exchange for a fee or royalty.

Wholly Owned Subsidiary

A company whose entire stock is owned by another company.