Industries Where a Decline in Demand Is Most Likely to Cause

question 28

Multiple Choice

Industries where a decline in demand is most likely to cause industry-wide losses tend to have the following characteristics:

• A)High concentration,lack of product differentiation and scale economies
• B)High exit barriers,lack of product differentiation,and a high ratio of fixed to variable costs
• C)High exit barriers,lack of product differentiation,and powerful buyers
• D)Powerful buyers and suppliers and high exit barriers

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Definitions:

Meganational Strategy

A business strategy that involves operating in multiple countries across several geographic regions, focusing on leveraging global efficiencies and synergies.

Integrations

This refers to the process of combining or coordinating different entities, systems, or processes to function together more effectively.

Global and Local Advantages

The benefits that companies gain by leveraging both global standardization to achieve efficiency and local adaptation to meet specific market needs.

Meganational Approach

A strategy by businesses to operate on a global scale, emphasizing uniformity in products and services across countries to exploit economies of scale.