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How variables may impact businesses in the industry

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Reference no: EM132617555

Assume that you are a manager for a business in a highly competitive industry.

  • Describe the industry, noting at least 3 characteristics which indicate that the industry is highly competitive.
  • How does competition impact the industry in either a positive or negative way?
  • From a manager's perspective, identify at least 2 economic variables that the business will need to consider when making market decisions, and discuss how these variables may impact businesses in the industry.

Reference no: EM132617555

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