Question

Select a product that is manufactured by a small business and look for the likely drivers of its attributes in the dynamics of the general or industry environments.

A. Marketing strategy
B. Economic factors
C. Competitive landscape
D. Supply chain efficiency

Answer 1

The likely drivers of attributes in the dynamics of the general or industry environments for a product manufactured by a small business include marketing strategy, economic factors, competitive landscape, and supply chain efficiency.

Step-by-step explanation:

The likely drivers of attributes in the dynamics of the general or industry environments for a product manufactured by a small business include:

1. Marketing strategy: The small business may employ different marketing strategies to attract customers and promote its product.
2. Economic factors: Economic changes such as inflation, recession, or changes in consumer spending can affect the demand for the product.
3. Competitive landscape: The level of competition in the industry can influence the attributes of the product, as companies strive to differentiate themselves and gain a competitive edge.
4. Supply chain efficiency: How effectively the small business manages its supply chain can impact the attributes of the product, including quality, availability, and cost.