In Growth Industries

question 12

Multiple Choice

In growth industries,

• A) replacement demand is increasing rapidly.
• B) technological expertise is the most important entry barrier.
• C) rivalry is high.
• D) distribution channels are poorly developed.
• E) buyers are familiar with the industry's product.

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Definitions:

GREs

The Graduate Record Examinations, a standardized test that is an admissions requirement for many graduate schools in the United States and other countries.

Graduate School

An advanced academic institution that offers post-graduate education and research opportunities in specialized fields.

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The extent to which a test accurately forecasts or predicts the future performance or behavior of individuals on related tasks.

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The extent to which a measure is related to an outcome or criterion, indicating the utility of the test for predicting performance or behavior.