Which of the Following Factors Are Considered When Analyzing an Industry

question 115

Multiple Choice

Which of the following factors are considered when analyzing an industry?
I. the nature and conditions of governmental regulations
II. the involvement and relations, if any, with labor unions
III. the development of new technologies relevant to the industry
IV. the extent of competition within the industry

• A) I, II and IV only
• B) II, III and IV only
• C) I, II and III only
• D) I, II, III and IV

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Definitions:

Environment

The surrounding condition or setting in which a person, plant, animal, or object exists, encompassing both natural and artificial elements.

Tacit Knowledge

Knowledge that is understood or learned through personal experience and intuition rather than being explicitly stated or written down.

Self-care Knowledge

Understanding and awareness about practices and activities that individuals can do on their own to maintain personal health, wellness, and well-being.

Explicit Knowledge

Knowledge that is easily articulated, codified, accessed, and verbalized, often in the form of documents or stored data.