Correctly Diagnosing an Industry's Key Success Factors

question 130

Multiple Choice

Correctly diagnosing an industry's key success factors

• A)points to those things that every firm in the industry needs to attend to in order to develop product propositions.
• B)hints at the firm's ability to generate above-average profitability.
• C)reveals that the firm's capabilities and resources are aligned with operating practices of industry participants.
• D)raises a company's chances of crafting a sound strategy.
• E)raises a company's sustainability dimensions and market characteristics in line with industry dynamics.

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Definitions:

Derived Demand

A situation where the demand for one product or service occurs as a result of the demand for another product or service.

Resellers

Businesses or individuals that buy products or services with the intention of selling them rather than consuming or using them.

Institutional Buyers

Organizations that purchase goods and services in large volumes for operational purposes, not for individual consumption.

Purchasing Agents

Individuals or companies responsible for acquiring goods or services for their own use or for resale.