Multiple Choice
The single most important factor that determines the profitability of a declining industry is:
A) The adjustment of capacity to shrinking demand.
B) The capacity of firms in the industry to devise innovative strategies.
C) The speed with which customers switch out of products supplied by the industry.
D) The ability of firms to reduce costs through off-shoring.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: A distinctive feature of the strategies of
Q7: The evidence from watches,pens,and cigars is that
Q8: Low-cost inputs,low overheads,and R&D effectiveness are the
Q9: Strategic innovation in mature industries usually involves
Q10: The transition of an industry from mature
Q12: Companies in mature industries where cost efficiency
Q13: In mature industries,the most important sources of
Q14: Overinvestment in production capacity,internationalization,and commoditization are factors
Q15: In mature industries new entrants are almost
Q16: Warren Buffet's distinction between a "franchise" and