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Chance events play a role in shaping the competitive environment. Chance events are occurrences which include all but one of the following:

A) major technological breakthroughs.
B) wars and their aftermath.
C) oil crisis.
D) currency fluctuations.
E) annual business meeting.

1 Answer

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Final answer:

An annual business meeting is not considered a chance event since it is a controlled and anticipated event. The correct answer is option A).

Step-by-step explanation:

Chance events are significant occurrences that have the potential to affect the economic environment in various ways over which individuals generally have very little control. Such events can include natural disasters, policy shifts, or unexpected technological breakthroughs.

Looking at the options provided (A to E), the one that does not typically represent a chance event is E) annual business meeting. This is because annual business meetings are generally scheduled, anticipated, and controlled events within a company's calendar year.

In contrast, the other occurrences, such as A) major technological breakthroughs, B) wars and their aftermath, C) oil crisis, and D) currency fluctuations are external to a company and can unpredictably affect supply, demand, and the broader competitive environment.

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