An Embryonic Industry Is One That

question 59

Multiple Choice

An embryonic industry is one that:

• A) includes a number of small and medium sized companies.
• B) is just beginning to develop and customer demand is initially limited.
• C) has sufficiently developed so that early industry leaders have already been identified.
• D) has initial government backing because of its importance to the general populace.
• E) is characterized by intense rivalry among established companies.

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Definitions:

Licensure Exam

A standardized test required in many professions to ensure competence and to officially grant permission to practice in that field.

National Mean

A statistical average that represents typical or average performance or measurements across a nation.

Mean

The average of a set of numbers, calculated by adding them together and dividing by the number of values.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values from the mean.