Evaluating Whether an Industry's Environment Presents a Company with a Sufficiently

question 116

Multiple Choice

Evaluating whether an industry's environment presents a company with a sufficiently attractive business opportunity involves

• A) sizing up overall industry and competitive conditions to determine whether the industry's overall profit prospects are above average, average, or below average.
• B) determining which firms in the industry have a competitive advantage and how they got their advantage.
• C) determining the overall strength of the five competitive forces.
• D) constructing a strategic group map and assessing the attractiveness of the competitive position of each strategic group to determine the overall attractiveness of all the strategic groups.
• E) using value chain analysis to determine the relative cost positions of rival firms and to learn who the industry's low-cost producer is.

Describe the impact of safety and health trends on HR policies.

Understand the legal framework for antidiscrimination measures in the workplace.

Explain the significance of diversity and how organizations can promote it.

Distinguish between disparate treatment and disparate impact in employment law.

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Definitions:

Bariatric Surgery

A group of surgical procedures aimed at weight loss by modifying the stomach and/or intestines.

Set Point

Set point theory suggests that an individual's body weight is maintained around a biologically predetermined point, making significant long-term weight loss challenging.

Long Term Weight Loss

The sustained reduction of total body mass due to efforts in dieting, exercise, or lifestyle changes over an extended period.

Overjustification Effect

A psychological phenomenon where external rewards can reduce a person's intrinsic motivation to perform a task.