>> Operation Management
Thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as
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.