One can view the connection between the general environment and the industry environment as
A) the general environment is diffuse, whereas the industry environment consists of a small number of close competitors.
B) the industry environment consists of customers, suppliers, rivals, and new entrants, whereas the general environment comprises everything else.
C) the industry environment includes customers, competitors and suppliers, whereas the general environment matters to the extent that it affects the industry environment.
D) the critical influence of the industry environment on the wider social environment.
Correct Answer:
Verified
Q34: PESTEL stands for
A)power, economy, social, threats, ecological,
Q35: Are barriers to entry effective?
A)Yes, because long-term
Q36: The core of a firm's business environment
Q37: The idea with Porter's 5 Forces is
Q38: Economies of scale are a barrier to
Q40: "Consumer surplus" is
A)the difference between the price
Q41: To forecast industry profitability consistently and accurately,
Q42: Suppose that an industry's profitability is zero
Q43: "The market" and "the industry" are
A)related but
Q44: A 6ᵗʰ force-complements-should arguably be added to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents