Evaluating the Industry's Driving Forces,as a Whole,requires Understanding Their Influence

question 78

Multiple Choice

Evaluating the industry's driving forces,as a whole,requires understanding their influence on the attractiveness of industry environment and:

• A) generally are determined by the sizes of strategic groups and the power of rival firms' competitive strategies.
• B) generally are defined in ways that will strengthen or weaken market demand,competition,and industry profitability in future years.
• C) frequently cause a reduction in the bargaining power of buyers.
• D) normally are triggered by movement in the economy,higher or lower interest rates,or important new strategic alliances.
• E) can be triggered by such factors as growing competitive pressures from substitute products,and the efforts of rival firms to employ new or different offensive strategies.

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Definitions:

General Adaptation Syndrome

A theoretical model describing the body's response to stress in three stages: alarm, resistance, and exhaustion.

Alarm Stage

The initial phase of the stress response, where the body reacts to a stressor with a fight-or-flight response, activating various physiological changes.

Measuring Stress

The process of assessing the level of stress an individual experiences, often through various physiological and psychological tests.

Researchers Use

The application of various methods and tools by scientists to conduct experiments, gather data, and test hypotheses.