The Final Step in Industry Analysis Is to

question 40

Multiple Choice

The final step in industry analysis is to

• A) draw a strategic-group map.
• B) identify the underlying drivers of the five forces.
• C) identify the key players in each of the five forces.
• D) define the relevant industry.

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Definitions:

Financial Incentives

Monetary rewards used to motivate individuals or groups to achieve specific goals or improve performance.

Recognition

The act of acknowledging or rewarding employees for their achievements, performance, or contributions at the workplace.

Positive Reinforcement

The act of encouraging a desired behavior by offering a rewarding stimulus immediately after the behavior occurs.

Intrinsic Motivation

The motivation that comes from within an individual to perform a task because it is inherently interesting or enjoyable, rather than for some separable consequence.