The Market for 3-D Televisions Is in the Introduction Stage

question 66

Multiple Choice

The market for 3-D televisions is in the introduction stage of the industry life cycle.What does this imply?

• A) There are only a few competitors in the 3-D television market.
• B) The number of buyers in the market is high.
• C) The prices of 3-D televisions will be lowest during this stage.
• D) The barriers to entry are low in the industry.

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Definitions:

Situational Contingencies

External factors or conditions that influence and determine the effectiveness of managerial actions, leadership styles, or organizational strategies.

Locus Of Control

The extent to which people feel they have influence over events.

Perceived Ability

An individual's or group's belief about how capable they are of performing a particular task or function.

Leaderless Group

A type of group activity designed to assess individuals' leadership qualities and teamwork skills in the absence of a formal leader.