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.

---

Definitions:

Achieved Objective

An achieved objective is a goal or target that has been successfully met or accomplished.

Offshoring

The practice of relocating business processes or production to a foreign country to reduce costs.

Evolution of Product Quality

The progressive improvement or changes in product quality over time due to innovation, customer feedback, and competitive pressures.

Continuous Improvement

An ongoing effort to enhance products, services, or processes through incremental and breakthrough improvements.