Thinking strategically about industry and competitive conditions in a given indu
ID: 465090 • Letter: T
Question
Thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as
cultural, lifestyle, and demographic changes.
the birth of new industries, new knowledge, and disruptive technologies.
weather, climate change, and water shortages.
interest rates, exchange rates, unemployment rates, inflation rates, and economic growth.
how often sellers alter their prices, how sensitive buyers are to price differences among sellers, whether the item being purchased is a good or a service, and whether buyers buy frequently or infrequently.
A.cultural, lifestyle, and demographic changes.
B.the birth of new industries, new knowledge, and disruptive technologies.
C.weather, climate change, and water shortages.
D.interest rates, exchange rates, unemployment rates, inflation rates, and economic growth.
E.how often sellers alter their prices, how sensitive buyers are to price differences among sellers, whether the item being purchased is a good or a service, and whether buyers buy frequently or infrequently.
Explanation / Answer
The correct answer is E. how often sellers alter their prices, how sensitive buyers are to price differences among sellers, whether the item being purchased is a good or a service, and whether buyers buy frequently or infrequently.
The strategy decision making about the industry and competetive conditions involve evaluating the prices, buyer sensitivity to the prices, serviceability & frequency.
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