The "driving forces" in an industry

A. usually are spawned by growing demand for the product, the outbreak of price-cutting, and big reductions in entry barriers.
B. appear when an industry begins to mature but are seldom present during early stages of the industry life cycle.
C. are major underlying causes of changing industry and competitive conditions and have the biggest influences in reshaping the industry landscape and altering competitive conditions.
D. are usually triggered by shifting buyer needs and expectations or by the appearance of new substitute products.
E. are usually triggered by changing technology or stronger learning/experience curve effects.


Answer: C

Business

You might also like to view...

Manson World reported the following: Common stock, $1 par, 200,000 shares authorized, 100,000 shares issued and outstanding What is the effect of a 2-for-1 stock split if the market value of the common stock is $20 per share when the stock split is declared?

a. Retained earnings in the amount of $400,000 is transferred to the contributed capital accounts. b. Cash decreases $400,000. c. Additional Paid-in Capital increases $400,000. d. A stock split has no effect on total stockholders' equity.

Business

Chicken of the Sea brand tuna sells more than the same size Kroger brand tuna, even though the Kroger tuna costs $0.15 less per can. Chicken of the Sea has brand ________

A) extension B) equity C) specialty D) service E) allies

Business

Having the manager's compensation tied to the company's performance increases the agency problem that corporations face.

Answer the following statement true (T) or false (F)

Business

Marketing is defined as producing, promoting, and selling products.

Answer the following statement true (T) or false (F)

Business