Change in an Industry Is the Result of

question 53

Multiple Choice

Change in an industry is the result of

• A)the forces of technology, consumer preferences, and economic growth.
• B)both external forces and the incumbents' competitive strategies.
• C)the effect of the "5 forces" model of competition.
• D)economic and psychological factors.

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Definitions:

Affects Commerce

Refers to any activity, action, or situation that has a direct or indirect impact on commercial transactions, trade, or economic activities across state or national borders.

Clayton Act

A U.S. antitrust law, enacted in 1914, aimed at preventing monopolies and promoting competition.

Interlocking Directorates

The practice of members of a company's board of directors serving on the boards of multiple corporations, potentially leading to conflicts of interest.

Significant Harm

A substantial or noteworthy adverse impact on an individual's life, health, property, or environment.