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:

Foot-In-The-Door Technique

A compliance method where persuading someone to agree to a small request increases the likelihood of agreement to a larger request later.

Solicitor

A legal professional qualified to offer advice and represent clients in legal matters, primarily in jurisdictions such as the UK, Ireland, and Australia.

Chain-Of-Command

The hierarchy within an organization that establishes who is in charge of whom and of whom permission must be asked.

Status Generalization

The process by which attributes of individuals, unrelated to a particular situation, influence the formation of status hierarchies within groups.