Industry Conditions Change

question 54

Multiple Choice

Industry conditions change

• A) because of such powerful driving forces as swings in buyer demand, changing interest rates, ups and downs in the economy, and higher/lower entry barriers.
• B) because of newly-emerging industry threats and industry opportunities that alter the composition of the industry's strategic groups.
• C) because new industry key success factors emerge.
• D) because important forces create pressures or incentives for industry participants (competitors, customers, suppliers) to alter their actions.
• E) chiefly because of changes in the barriers to entry and the degree of competition from substitute products.

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Definitions:

Tympanostomy

A surgical procedure involving the insertion of a tube into the eardrum to drain fluid and prevent ear infections.

Otitis Media

An infection or inflammation of the middle ear, often resulting in pain, fever, and sometimes temporary hearing loss.

Otosclerosis

Condition characterized by progressive deafness caused by the fixation of the stapes of the middle ear.

Optic Disc

The blind spot where the optic nerve exits from the retina of the eye.