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:

Owners

Individuals or entities that possess legal rights and responsibilities over a project, business, or asset.

Scope Document

A scope document outlines the aims, deliverables, boundaries, and methods of a project, serving as a foundational agreement between stakeholders on what the project will accomplish.

Complex Project

A project characterized by high levels of uncertainty, risk, and interdependencies among its components, often requiring innovative solutions.

Development

The process of growing, advancing, or improving in skills, knowledge, or projects.