1. Which of the following industries is most affected by government regulation?

A. Oil services.

B. Pharmaceuticals.

C. Confections and candy.

2. Which of the following industries is least affected by technological innovation?

A. Oil services.

B. Pharmaceuticals.

C. Confections and candy.

3. Which of the following statements about industry characteristics is least accurate?

A. Manufacturing capacity has little effect on pricing in the confections/candy industry.

B. The branded pharmaceutical industry is considered to be defensive rather than a growth industry.

C. With respect to the worldwide market, the oil services industry has a high level of concentration with a limited number of service providers.