The Highly Fragmented Chemical Industry in Europe Has Experienced Decreasing

question 84

Multiple Choice

The highly fragmented chemical industry in Europe has experienced decreasing profits in an industry reluctance to change the way it conducts business, especially in how it competes against lower-priced U.S. imports. This is an example of _________.

• A) competitive dissonance
• B) strategic apathy
• C) competitive inertia
• D) strategic inertia
• E) competitive apathy

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Definitions:

Sensory

Sensory relates to the senses or sensation, involving the reception and processing of visual, auditory, olfactory, tactile, and taste information.

Trace

To follow, study, or monitor the course or path of something; also pertains to a very small amount or indication of something.

Working

Engaging in physical or mental activity in order to achieve a purpose or result, typically in a job or profession.

Long-Term

Describes something that occurs over an extended period, often many years.