Public Utilities Operate in Competition with Other Providers, Whereas Private

question 2

True/False

Public utilities operate in competition with other providers, whereas private utilities tend to be single providers overseen by regulatory agencies who govern supply, pricing, and size.

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Definitions:

External Environment

Factors outside an organization that can affect its performance, including economic, social, technological, and political influences.

Trade Agreements

Formal arrangements between countries to regulate tariffs, trade barriers, and the exchange of goods and services.

New Technologies

Emerging or advanced technologies that offer novel capabilities or significant improvements over pre-existing solutions, often driving innovation and change.

Needs Analysis

The process of determining and assessing gaps between current performance and desired outcomes or competencies, often used to identify training and development needs.