Which of the following forces is most closely related to industry effects within the automobile industry?
A) The actions taken to improve employee productivity within a firm
B) The human resource strategy managers adopt to acquire the best talent from the industry
C) The types of products and the services offered within the industry
D) The decisions made within a firm regarding pricing of a product in the market

Question

Quizplus · Accepted Answer

Industry effects describe the underlying economic structure of the industry. They attribute firm performance to the industry in which the firm competes. The structure of an industry is determined by elements common to all industries such as entry and exit barriers, number and size of companies, and types of products and services offered.

Which of the Following Forces Is Most Closely Related to Industry