In Evaluating Whether the Industry and Competitive Environment Presents Sufficiently

question 57

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

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Definitions:

Humanist Perspective

A psychological approach that emphasizes personal growth, self-fulfillment, and the realization of human potential.

Animal Heritage

The inherent characteristics and instincts inherited from an organism's ancestors.

Humanistic Approach

A psychological perspective that emphasizes the study of the whole person and the uniqueness of each individual's experience.

Animal Research

Scientific studies conducted on animal subjects to gain insights into biology, behavior, diseases, and the testing of medicines and procedures intended for human use.