An Industry's Key Success Factors

question 70

Multiple Choice

An industry's key success factors

• A) are a function of market share, entry barriers, economies of scale, degree of vertical integration, and industry profitability.
• B) vary according to whether an industry has high or low long-term attractiveness.
• C) can be determined from an analysis of an industry's dominant economic characteristics, what competition is like, the impacts of the driving forces, the comparative market positions of industry members, and the likely next moves of industry rivals.
• D) can be determined from studying the "winning" strategies of the industry leaders and ruling out as potential key success factors the strategy elements of those firms considered to have "losing" strategies.
• E) depend on the relative competitive strengths of the industry leaders and how vulnerable they are to competitive attack.

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Definitions:

Series

A group; a set of things in the same class coming one after another.

Group

A collection of individuals who come together for a common purpose, whether for socializing, working, or other activities.

Set Of Things

A collection or grouping of items or entities that share common characteristics or are defined by a specific criterion.

Ampule

A small glass container that can be sealed and its contents sterilized.