The "Driving Forces" in an Industry

question 73

Multiple Choice

The "driving forces" in an industry

• A)are usually triggered by changing technology or stronger learning/experience curve effects.
• B)usually are spawned by growing demand for the product, the outbreak of price-cutting, and big reductions in entry barriers.
• C)are major underlying causes of changing industry and competitive conditions and have the biggest influences in reshaping the industry landscape and altering competitive conditions.
• D)appear when an industry begins to mature but are seldom present during early stages of the industry life cycle.
• E)are usually triggered by shifting buyer needs and expectations or by the appearance of new substitute products.

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Definitions:

Ming

Refers to the Ming Dynasty, a ruling dynasty of China from 1368 to 1644 known for its trade expansion and cultural achievements.

Yuan

The basic unit of currency in China, also referred to as Renminbi (RMB).

Painting Style

The distinctive method and approach an artist uses in their paintings, encompassing techniques, brushwork, and choice of subjects.

Northern School

Refers to a classification of artists or art movements that originated in the northern regions of Europe, distinct in style and technique from Southern counterparts.