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:

Marketing Purposes

The specific objectives or goals that guide the marketing efforts of a company, aiming to promote products or services, engage with customers, and drive sales.

Sharing Videos

The act of distributing video content to others through various platforms or channels, often for informational, entertainment, or social purposes.

Social Network

A website or platform that allows users to produce and share their own content or engage in social networking activities.

Engagement Rate

A metric used to measure the level of interaction and involvement an audience has with content, often used in digital marketing to gauge the effectiveness of campaigns or posts.