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.

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Definitions:

Monopoly

The control of a particular market or trade by a single entity, eliminating competition.

Patent Holder

An individual or entity in possession of the rights granted by a patent, typically the inventor or their assignee.

Independent Right

A right or privilege that exists on its own and does not depend on another condition or obligation being met.

Trade Secrets

Confidential business information that provides an enterprise with a competitive edge, and is subject to efforts to maintain its secrecy.