Multiple Choice Question
According to Michael Porter, the profit potential of an industry is .
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According to Michael Porter, the profit potential of an industry is .
Answer ModeMultiple Choice QuestionYour Answer correctAccording to Michael Porter, the profit potential of an industry is Blank______.Multiple choice question.similar for all service industrieslargely randoma function of five forces related to competitioncorrectentirely determined by indus...
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Which of the following are factors in a firm's legal environment?
Answer ModeMultiple Select QuestionYour Answer correctWhich of the following are factors in a firm's legal environment? Multiple select question.lawscorrectdemographic trendsinnovative technologyregulationscorrectmandatescorrectCorrect AnswerQuestionlawsregulationsmandates...
Read MoreWhen a firm is able to maximize the gap between , it increases its competitive advantage.
Answer ModeMultiple Choice QuestionYour Answer correctWhen a firm is able to maximize the gap between Blank______, it increases its competitive advantage.Multiple choice question.the cost of production and the value of what it producescorrectthe rate of growth and the rate of salesthe numb...
Read MoreSociocultural factors are constantly in flux and also differ across groups.
Your Answer correctSociocultural factors are constantly in flux and also differ across groups.True false question.TruecorrectFalseReason: Sociocultural factors capture a society’s cultures, norms, and values. Because sociocultural factors not only are constantly in flux but also differ acr...
Read MoreWhat term describes the costs and benefits of producing or consuming goods that are not captured by prices of the goods?
externalities...
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Which are reasons that price stability is hard to achieve?
Which are reasons that price stability is hard to achieve?Multiple select question.Economic growth is dynamic.correctMeasurements of gross domestic product may be incorrect. ...
Read MoreA group of companies that deal with more or less the same set of suppliers and buyers make up .
Answer ModeMultiple Choice QuestionYour Answer correctA group of companies that deal with more or less the same set of suppliers and buyers make up Blank______.Multiple choice question.a multi-environmenta statean industrycorrecta business groupCorrect AnswerQuestionan industry...
Read MoreThe relationship between the natural environment and business organizations can best be described as .
Answer ModeMultiple Choice QuestionYour Answer correctThe relationship between the natural environment and business organizations can best be described as Blank______.Multiple choice question.insignificanta U-shapeunconnectedinterdependentcorrectCorrect AnswerQuestioninterdependent...
Read MoreDeregulation of industries leads to intensified competition and higher value at lower prices for consumers. This is an example of factors influencing business.
Answer ModeMultiple Choice QuestionYour Answer correctDeregulation of industries leads to intensified competition and higher value at lower prices for consumers. This is an example of Blank______ factors influencing business.Multiple choice question.legalcorrecteconomicReason: De...
Read MoreWhich of the following is an example of a major innovation in process technology?
Answer ModeMultiple Choice QuestionYour Answer correctWhich of the following is an example of a major innovation in process technology?Multiple choice question.the BP oil spillthe smartphoneReason: This is a product innovation instead of process innovation.the microwaveReason: This is...
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