Which Two Factors Determine the "Competitive Fate" of a Declining

question 31

Multiple Choice

Which two factors determine the "competitive fate" of a declining industry?

• A)The balance between capacity and output, and the nature of demand (the speed, predictability and uniformity of decline)
• B)The nature of demand, and rivals' power of retaliation
• C)Innovation and customers' speed of adoption
• D)The balance between capacity and output, and industry structure

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Definitions:

Childbirth

The process of delivering a baby from the mother's uterus to the outside world.

Labor

The physical and mental efforts employed in economic production or service activities, often referring to both the workforce and the process of childbirth.

Mercury

A chemical element with the symbol Hg and atomic number 80, known for being a liquid metal at room temperature.

Cognitive Ability

The capacity to process information, reason, remember, and relate objects and symbols.