Industry Conditions Change Because of

question 108

Multiple Choice

Industry conditions change because of

• A)such powerful driving forces as swings in buyer demand, changing interest rates, ups and downs in the economy, and higher/lower entry barriers.
• B)newly emerging industry threats and industry opportunities that alter the composition of the industry's strategic groups.
• C)newly emerging industry key success factors.
• D)important forces enticing or pressuring certain industry participants (competitors, customers, suppliers)to alter their actions in important ways.
• E)changes in the barriers to entry and the degree of competition from substitute products.

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Definitions:

Elaboration Failure

The inability to add detail or supplement information to a memory or concept, often leading to a lack of depth in understanding or recall.

Retroactive Interference

A process where new information interferes with the ability to recall older information.

Proactive Interference

The phenomenon where older memories hinder the recall of newly learned information.

Retroactive Interference

A phenomenon where new memories disrupt the recall of previously formed memories.