The Three Major Forces That Drive Industry Competition and Profitability

question 34

True/False

The three major forces that drive industry competition and profitability are government regulators,direct competitors and social forces.

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Definitions:

Scientific Era

A period in history marked by significant advancements in scientific knowledge and its application, profoundly influencing society and technology.

Environmental Threats

are dangers that arise from environmental degradation or changes, posing risks to ecosystems, biodiversity, and human well-being.

Technological Imperialism

The dominance of technologically advanced countries in imposing their technologies and cultural values on less developed countries.

Recombinant Technology

A field in biotechnology that involves manipulating DNA sequences to create new genetic combinations for purposes including medicine, agriculture, and research.