In Most Industries, the Major Determinant of Industry Profitability Is

question 9

True/False

In most industries, the major determinant of industry profitability is the level of competition among the firms already competing in the industry.

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Definitions:

Affiliation Motive

The drive to build and maintain positive interpersonal relationships and to be part of a group.

McClelland's Model

A psychological theory of motivation that asserts people are motivated by three primary needs: achievement, affiliation, and power.

Personal Relationships

Interpersonal connections formed between individuals based on shared interests, emotions, and other social commitments.

Esteem Needs

A higher-level requirement in Maslow's hierarchy of needs that includes the desire for respect, status, recognition, and self-esteem.