Evaluating the Industry's Driving Forces, as a Whole, Requires Understanding

question 50

Multiple Choice

Evaluating the industry's driving forces, as a whole, requires understanding their influence on the attractiveness of industry environment and generally are

• A)determined by the sizes of strategic groups and the power of rival firms' competitive strategies.
• B)defined in ways that will strengthen or weaken market demand, competition, and industry profitability in future years.
• C)the cause of a reduction in the bargaining power of buyers.
• D)triggered by movement in the economy, higher or lower interest rates, or important new strategic alliances.
• E)triggered by such factors as growing competitive pressures from substitute products, and the efforts of rival firms to employ new or different offensive strategies.

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Definitions:

Health Insurance Providers

Health Insurance Providers are companies or organizations that offer plans aimed at covering the costs of medical care for insured individuals or entities.

Return On Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the return of an investment by its cost.

Nearest Hundred Thousand

Rounding a number to the closest increment of one hundred thousand.

Social Security Contributions

Payments made to a government scheme that provides retirement, disability, and survivals benefits, funded through taxes on employers and employees.