Which of the Following Statements Is True of Declining Industries

question 54

Multiple Choice

Which of the following statements is true of declining industries?

• A) Typically, not all segments of an industry decline at the same rate.
• B) A declining industry should ideally use the leadership strategy when it does not have any strengths and the competition is low.
• C) Divestment strategy is when a company in a declining industry tries to improve sales by improving product quality.
• D) The greater the exit barriers of a declining industry, the lower the intensity of competition.
• E) The intensity of competition lower in declining industries that sell commodity-like products.

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Definitions:

Confronting Members

The act of addressing individuals directly in a group setting about behaviors, patterns, or issues that affect the group's dynamics or objectives.

Self-Help Group

A type of support group where individuals gather to discuss and resolve their personal problems without professional leadership.

Lay Person

An individual without professional or specialized knowledge in a specific field.

Professional

relates to or is characteristic of a profession; engaging in an activity for gain or as a means of livelihood.