Thinking Strategically About Industry and Competitive Conditions in a Given

question 68

Multiple Choice

Thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as

• A) cultural,lifestyle,and demographic changes.
• B) the birth of new industries,new knowledge,and disruptive technologies.
• C) weather,climate change,and water shortages.
• D) interest rates,exchange rates,unemployment rates,inflation rates,and economic growth.
• E) how often sellers alter their prices,how sensitive buyers are to price differences among sellers,whether the item being purchased is a good or a service,and whether buyers buy frequently or infrequently.

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Definitions:

Norris-La Guardia Act

A 1932 U.S. federal law that prohibited employers from requiring employees to sign agreements not to join a labor union and also limited the issuing of court injunctions in labor disputes.

Executive Order 11246

A U.S. presidential order that prohibits federal contractors from discriminating against employees on the basis of race, color, religion, sex, or national origin.

Affirmative Action Plans

Strategies and measures adopted by organizations to improve opportunities for historically marginalized groups by considering those factors in decisions like hiring and promotions.

Disparate Impact Claims

Legal claims that challenge practices that, while neutral in appearance, disproportionately affect a protected group, without a justified business necessity.