The Level of Industry Demand

question 63

Multiple Choice

The level of industry demand:

• A) has little effect on competition in the industry.
• B) is one of the determinants of the intensity of rivalry in the industry.
• C) increases when customers exit a marketplace.
• D) does not impact the market share that established companies hold.
• E) decreases the rivalry among established companies, when in decline.

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Definitions:

Expected Value

The expected value is a measure of the central tendency of a random variable, representing the average outcome one would anticipate over an infinite number of trials.

Sample Proportions

The fraction or percentage of samples in a category or exhibiting a characteristic, used to estimate population proportions.

Population Proportions

Refers to the share or percentage of a specific subgroup within the overall population.

Variance

Variance quantifies the spread of data points around the average value, showing the extent of their dispersion.