In Evaluating Whether the Industry and Competitive Environment Presents Sufficiently

question 119

Multiple Choice

In evaluating whether the industry and competitive environment presents sufficiently attractive prospects for both competitive success and attractive profits usually does NOT involve a consideration of which of the following factors?

• A) The industry's growth potential and whether competitive pressures will likely grow stronger or weaker,and whether strong competitive forces are squeezing industry profitability to subpar levels
• B) Whether the company occupies a stronger market position than rivals
• C) Whether the industry's future profitability will be favorably or unfavorably affected by the prevailing driving forces
• D) The severity of the macro-environment problems confronting the industry
• E) Whether the industry's product is strongly or weakly differentiated

Understand the principles of the heuristic-systematic model of persuasion.

Identify various tactics used in social influence and compliance, including the foot-in-the-door and low ball tactics.

Understand the concept of cognitive dissonance and its implications on attitude change.

Recognize the role of effort justification in valuing personal experiences and decisions.

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Definitions:

U.S. Constitution

The foundational document of the United States that delineates the national frame of government, its institutions, and the rights of its citizens.

Insider Trading

Trading in the stock of a publicly listed corporation based on inside information. One who possesses inside information and has a duty not to disclose it to outsiders may not profit from the purchase or sale of securities based on that information until the information is available to the public.

Publicly Listed

A company whose shares are traded openly on a stock exchange.

Financial Status

Financial Status refers to the current state of an individual's or entity's monetary resources and liabilities.