Industry Analysis Can Give Firms an Advantage When Making Decisions

question 5

Multiple Choice

Industry analysis can give firms an advantage when making decisions. This analysis helps managers determine the nature of the competition, the possible sources of imperfect competition, and the ________.

• A) hierarchy of the firm's management system
• B) possibility of the firm's earning above-normal returns
• C) industries that would be compatible with the firm
• D) number of firms in other industries

---

Definitions:

Freedom Rides

Civil rights demonstrations in the 1960s where activists rode interstate buses into segregated southern states to challenge the non-enforcement of Supreme Court rulings.

Constitutional Rights

The rights afforded to individuals by the constitution of their country, often including freedoms such as speech, assembly, and religion.

Voting Rights Act

A landmark piece of federal legislation in the United States that prohibits racial discrimination in voting, signed into law in 1965.

Literacy Tests

Tests that were historically used as a voting qualification tool in the United States, designed to disenfranchise certain groups, particularly African Americans.