When bargaining power of buyers is low the industry is more attractive
In macroeconomics, an industry is a division of an economy that creates a group of goods, services, or raw resources that are closely tied to one another. For illustration, the insurance or timber industries may be mentioned.
Industry classifications often employ a company's or group's major revenue source to categorise it inside a certain industry when assessing it.
The International Standard Industrial Classification (ISIC), for instance, categorises "statistical units" according to the "economic activity in which they primarily participate" and is used directly or through derivations for the official statistics of the majority of countries worldwide. Following that, industry is described as "a set of statistical units that fall under the same ISIC category."
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The decline of free-range herding (open space grazing for cattle) hurt the profitability of the cattle business. Population growth and pressure of grazeland has forced farmers to obtain food for their cattle, rather than letting them graze over open spaces at no cost to the farmer. There are also sanitation costs associated with keeping cattle in a more confined space. These costs affect the profitability of the industry.
Answer:
Selection bias
Explanation:
Selection bias occurs because the sample that is taken is not representative of the general population.
If a sample is taken from the undergraduate students you can only generalize to undergraduate students.
Say that you want to know which is the most popular baseball team in the country and you take a sample from New York, and that give a result that 60% of the sample supports the Yankees. If you say "60% of americans support the Yankees" you will be commiting an error because your sample is not representative, and Californians may not share that result (for example).
Latidude refers to where in the relation to North-South direction a given place is. So anything with a northern latitude is in the northern hemisphere and everything with a southern Latitude is in the southern hemisphere. The maximum number of degrees is 90: so 90 degrees North is the North Pole and 90 degrees South is the South Pole.
Answer:
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Explanation:
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