In Growth Industries

question 27

Multiple Choice

In growth industries:

• A) the intensity of rivalry is very high.
• B) technological expertise is the most important entry barrier.
• C) the threat from potential competitors is typically highest.
• D) distribution channels are poorly developed.
• E) buyers are not familiar with the industry's products.

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Definitions:

Asset

Resources owned by a company or individual that are expected to bring future economic benefits.

Liability

A financial obligation of a business that it is required to repay in the future.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing what the owners own outright in the company.

International Standards

Guidelines and specifications established to ensure consistency and quality in products, services, and processes worldwide.