US Steel and Nucor (The Two Remaining Major Players in the U.S

Multiple Choice

U.S. Steel and Nucor (the two remaining major players in the U.S. steel industry) have been forming alliances as a means to enter markets in Europe and Asia. The steel industry is an example of a ________ market in which firms typically use alliances to gain market access.

A) fast-cycle
B) standard-cycle
C) slow-cycle
D) intermediate-cycle