Which of the following is a drawback of using the industry life cycle as a framework to guide strategic choice?
A. The framework does not explain everything about changes in industries.
B. The framework believes that the number and size of competitors remain constant throughout the life cycle.
C. The framework is based on the tenet that industries can be rejuvenated even in the declining stage.
D. The framework believes that the life cycle of industries is unpredictable.
Answer: A
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Which of the following profitability ratios is most useful in indicating the "quality" of a company's earnings?
a. Price/earnings ratio b. Gross profit ratio c. Dividend payout ratio d. Dividend yield ratio
A company's board of directors votes to declare a cash dividend of $1.00 per share on its 12,000 common shares outstanding. The journal entry to record the payment of the cash dividend is:
A. Debit Retained Earnings $12,000; credit Common Dividend Payable $12,000. B. Debit Common Dividend Payable $12,000; credit Retained Earnings $12,000. C. Debit Dividend Expense $12,000; credit Cash $12,000. D. Debit Common Dividend Payable $12,000; credit Cash $12,000. E. Debit Dividend Expense $12,000; credit Common Dividend Payable $12,000.
What strategy does Toyota stress in its supply chain facilities strategy?
A. Efficiency. B. Effectiveness. C. Inventory. D. None of the above.
In a virtual reality system, one makes use of special input and output devices that capture _____ and send responses back to the person.
Fill in the blank(s) with the appropriate word(s).