With Maturity in an Industry, Which Challenge Becomes Critical for a Firm

question 17

Multiple Choice

With maturity in an industry, which challenge becomes critical for a firm?

• A)To adapt its internal organization to the new requirements of this stage
• B)To decrease average cost per unit, at least in line with competitors
• C)To be able to prepare its shift to another industry or to launch a new line of products in the same industry
• D)To adapt its strategy to the constraints described in the industry life cycle

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Definitions:

Supervisory Ratings

Assessments made by supervisors regarding the performance and competencies of their direct reports, often used in performance evaluations.

Incentive Payout

A form of performance-based compensation where employees receive additional pay or rewards for meeting or exceeding specific goals or benchmarks.

Base Pay

The initial salary paid to an employee, not including any benefits, bonuses, or overtime that may be additionally compensated.

Technical/Professional

Relating to jobs or employees with specialized knowledge or skills, often requiring specific education and training.