In emerging industries:
A) environmental factors do not affect customer demand.
B) entrepreneurs confront demand certainty.
C) environmental changes are highly likely.
D) it is easier to respond effectively to sudden changes.

Question

In emerging industries: 
A) environmental factors do not affect customer demand.
B) entrepreneurs confront demand certainty.
C) environmental changes are highly likely.
D) it is easier to respond effectively to sudden changes.

Quizplus · Accepted Answer

In emerging industries, environmental changes are highly likely, as the market is still developing and evolving. This makes it difficult for entrepreneurs to predict customer demand and anticipate how the market will change in the future. Environmental factors such as regulations, technological advancements, and shifts in consumer preferences can all have a significant impact on demand, and entrepreneurs must be prepared to adapt to these changes in order to succeed. It is not necessarily easier to respond effectively to sudden changes in emerging industries, as entrepreneurs may not have the resources or experience necessary to navigate these challenges.

In Emerging Industries