The Industry Characteristics That Make It Very Difficult for Firms

question 24

Multiple Choice

The industry characteristics that make it very difficult for firms to achieve strategic competitiveness and earn above-average returns includes all of the following EXCEPT:

• A) Low entry barriers
• B) Supplier and buyers with strong bargaining positions
• C) Strong competitive threats from product substitutes
• D) Relatively moderate rivalry

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Definitions:

Program Changes

Alterations or adjustments made to a set of planned actions or activities to achieve better outcomes or to adapt to new circumstances.

Problem Areas

General term referring to specific issues or challenges that need addressing or solving within a context.

Apprenticeship Program

A structured training program combining on-the-job training and classroom learning to equip individuals with specific skill sets for certain occupations.