Industry Conditions Change

question 53

Multiple Choice

Industry conditions change

• A)because of such powerful driving forces as swings in buyer demand,changing interest rates,ups and downs in the economy,and higher/lower entry barriers.
• B)because of newly emerging industry threats and industry opportunities that alter the composition of the industry's strategic groups.
• C)because new industry key success factors emerge.
• D)because forces create pressures or incentives for industry participants (competitors,customers,suppliers)to alter their actions in important ways.
• E)chiefly because of changes in the barriers to entry and the degree of competition from substitute products.

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Definitions:

Rent Control

Government-imposed limits on the amount landlords can charge for leasing homes or apartments, intended to keep housing affordable for renters.

Waiting Lists

Lists of individuals or entities waiting for the allocation of a service or a product, typically used when demand exceeds supply.

Bribes

Payments made to influence someone's decisions or actions in favor of the payer, typically considered illegal or unethical.

Rent Control

A government policy that sets a maximum price (a rent ceiling) landlords can charge tenants, intended to make housing more affordable.