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.

Define the concept of "fit" in HR programs and its relevance to organizational strategy.

Discern the importance of integrating HR strategy with other functional strategies.

Recognize how selective HR practices contribute to organizational success and competitive advantage.

Understand the reasons behind the implementation of the Roosevelt Corollary to the Monroe Doctrine and its implications for U.S. foreign policy in Latin America.

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Definitions:

Express Authorization

Directly stated or clearly indicated authority given for an action or procedure.

Principal's Intention

In a contractual agreement, it refers to the primary party's goal or objective intended through the contract.

Third Restatement

The most recent revision or version of a restatement in law, which aims to rearticulate legal principles for clearer understanding and application.

Apparent Authority

A form of authority that an agent appears to have to a third party because of the behavior or statements of the principal, even if the actual authority was not granted.