Most Industries Are in Flux, This Flux Is Not Caused

question 18

Multiple Choice

Most industries are in flux, this flux is not caused by:

• A) Social Challenges
• B) Technological Innovation
• C) Societal Trends
• D) Government Intervention

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Definitions:

Selective Demand

The demand for a specific brand or product rather than the category as a whole, often influenced by advertising and consumer preferences.

Competitors

Entities that operate in the same or similar industry and offer comparable products or services, thereby vying for the same customer base.

Skimming Pricing Strategy

A pricing approach where a product is initially set at a high price before gradually lowering it over time to capture different segments of the market.

R&D Costs

Expenses related to the research and development activities of a company, aimed at the innovation, improvement, or development of new products or services.