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:

Formula

A mathematical or symbolic expression that defines a relationship among variables or a recipe consisting of specific ingredients in defined proportions.

Intelligence

The ability to solve problems and to adapt to and learn from experiences.

Indirect Means

Pertains to methods or approaches that are not straightforward or direct in achieving a goal or effecting outcomes, often involving secondary or less obvious pathways.

Mental Age

A measure of an individual's mental attainment based on the age at which it is normal for an individual to reach that level of mental capacity.