Which of the Following Factors in an Industry Is Most

question 54

Multiple Choice

Which of the following factors in an industry is most likely to cause excess capacity?

• A)Technologically outdated production units
• B)High customer demand
• C)Increasing age of a company's physical assets
• D)Lack of competition from new entrants
• E)Limited number of outlets in certain locations

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Definitions:

Industrial Goods

Products and materials used in the production process of other goods, rather than goods purchased directly by consumers.

Traditional Organization

Describes an organizational structure characterized by a clear hierarchy, rigid departmentalization, and a focus on adherence to established procedures and policies.

Localization

the process of adapting a product, application, or content to meet the language, cultural, and other requirements of a specific target market or locale.

Glocalization

A portmanteau of globalization and localization, describing how global practices are adapted to local cultures and environments.