An Industry's Driving Forces

question 61

Multiple Choice

An industry's driving forces

• A) are generally determined by the sizes of strategic groups and the power of rival firms' competitive strategies.
• B) generally act in ways which 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) are normally triggered by ups and downs 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:

Out-group Members

Individuals in a group or team who do not identify or are not identified as part of the ingroup, often feeling marginalized or excluded from core group activities.

In-group Members

In-group Members are individuals who are part of a specific group or category that is distinguished by shared interests, identities, or goals, often leading to a sense of belonging and loyalty.

Mature Partnership Phase

A stage in a relationship or collaboration where parties have developed deep understanding and cooperation, optimizing their interactions and outcomes.

Negotiated Phase

A period during which parties involved come to an agreement or compromise on a certain matter after discussions or negotiations.