Intensified Rivalry Within an Industry Results In

question 71

Multiple Choice

Intensified rivalry within an industry results in:

• A) increased hiring across the industry.
• B) increased total revenues across the industry.
• C) decreased average profitability across the industry.
• D) increased entries into the industry.

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Definitions:

Fads

Temporary, highly popular trends or behaviors that spread quickly and are followed with enthusiasm, but fade away just as quickly.

Demographic Shifts

Changes in the characteristics of a population over time, which can include age, ethnicity, gender distribution, and so forth.

Social Change

The transformation of culture, behavior, social institutions, and social structure over time, often seen as a necessary aspect of societal progress or development.

Emergent Norm Theory

A sociological hypothesis that posits individuals in a crowd behave not out of pre-existing norms, but from norms that emerge and are accepted within the crowd during the event.