Why Are Early Entrants into Newly Emerging Industries,particularly Industries Based

question 21

Multiple Choice

Why are early entrants into newly emerging industries,particularly industries based on new technologies,especially likely to be internally focused and not very market-oriented?

• A)strong competition during the formative years
• B)rapid growth in demand for the new product
• C)customer demand less than available supply
• D)resource constraints rarely an immediate threat to survival

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Definitions:

Unemployment Rate

The percentage of people in the labor force who are not currently employed but are seeking work.

Labor Force

The total number of people who are eligible and willing to work, including both employed and unemployed individuals.

Recovery Phase

A period in the economic cycle where economic activity picks up and grows, following a recession or slowdown.

Business Cycle

The fluctuation of economic activity over time, including periods of expansion, peak, recession, and recovery.