Industry conditions can be a source of business risks for

Industry conditions can be a source of business risks for an entity. Describe how each of the following industry conditions can result in business risks.

a. The entity’s market characteristics (e. g., demand, capacity, etc.) and competition.

b. The cyclical or seasonal activity in the entity’s industry.

c. The speed of technology change related to the entity’s products.

d. The supply availability and cost of the entity’s raw materials and components.

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