Which of the Following Statements with Regard to Industry Structures

question 24

Multiple Choice

Which of the following statements with regard to industry structures is true?

• A) They are stable over time, not dynamic.
• B) Having a large number of competitors generally equates to higher industry profitability.
• C) A consolidated industry tends to be more profitable than a fragmented one.
• D) Having few but large competitors increases the threat of strong competitive forces such as supplier or buyer power.

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Definitions:

Naive Trust

entails a form of unquestioning trust or confidence in people or situations without sufficient skepticism or evidence.

Control Theory

suggests that social and personal relationships and commitments help individuals resist engaging in deviant or criminal behavior.

Deviance

refers to actions or behaviors that violate social norms, values, or laws, which can vary across different cultures and settings.

Positivists

Advocates of positivism, a philosophical theory that emphasizes the importance of empirical evidence and scientific methods for knowledge.