Identify Four Factors That Affect Whether an Industry Does or Does

question 101

Essay

Identify four factors that affect whether an industry does or does not present a company with a good business opportunity.

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Definitions:

Negative Reference Group

A group an individual does not want to be associated with or emulate, affecting their behavior or choices.

Norms

Shared guidelines or rules within a group that dictate appropriate and expected behavior among members.

Social Agreements

Unwritten and often unspoken rules or understandings that govern the behavior of members within a society or group.

Beliefs

Convictions or acceptances that something exists or is true, especially without proof.