In Growth Industries

question 38

Multiple Choice

In growth industries:

• A) the intensity of rivalry is very high.
• B) technological expertise is the most important entry barrier.
• C) 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:

Knowledge Exploitation

The process of utilizing existing knowledge within an organization to create value or competitive advantage.

Perception

The process of interpreting the messages of our senses to provide order and meaning to the environment.

Threat

A threat is any circumstance or event with the potential to cause harm to a system, individual, organization, or country.

Inertia

The resistance to change or the tendency for objects or systems to remain in their current state without external force acting upon them.