Question

Inherently, industry analysis is a static framework, but it can be used in a quasi-dynamic way by applying the framework at different points in time.
a. True

b. False

Answer 1

Answer:

True

Step-by-step explanation:

Quasi-dynamic is a framework which accounts for inertial effects. In this we determine the long term behavior of state. It can be used to identify industry analysis where the industry is in a static state. Quasi static is a thermo-dynamic process that remains in internal equilibrium.