The core of a firm's business environment is determined by
A) its relationships with customers, competitors, and suppliers.
B) its relationships with customers, rivals, government, and suppliers.
C) its relationships with its major stakeholders.
D) its vision and mission.
Correct Answer:
Verified
Q31: Firms in any industry can be said
Q32: Industries such as pharmaceuticals earn very high
Q33: Barriers to exit are
A)the non-recoverable costs of
Q34: PESTEL stands for
A)power, economy, social, threats, ecological,
Q35: Are barriers to entry effective?
A)Yes, because long-term
Q37: The idea with Porter's 5 Forces is
Q38: Economies of scale are a barrier to
Q39: One can view the connection between the
Q40: "Consumer surplus" is
A)the difference between the price
Q41: To forecast industry profitability consistently and accurately,
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