In General, Industries Are More Attractive When the ________

question 34

Multiple Choice

In general, industries are more attractive when the ________.

• A) majority of the threats are high
• B) majority of the threats are low
• C) threat of each of the forces is neutral-neither low nor high
• D) threat of each of the five forces is high
• E) threat of each of the five forces is low

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Definitions:

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, good, or service.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.

Gasoline

A volatile flammable liquid derived from crude oil or natural gas, used primarily as fuel in internal combustion engines.

Price Ceiling

a government-imposed limit on how high a price can be charged for a product, service, or commodity, typically to protect consumers from excessive costs.