In cyclical industries:
A)The same recipes and tools apply as in steady-demand industries
B)The ability to speedily adjust capacity to demand can be a source of competitive advantage
C)Being successful is always more difficult than in steady-demand industries
D)Players encounter hyper-competition

Question

Quizplus · Accepted Answer

In cyclical industries, demand fluctuates, and the ability to adjust capacity quickly to meet changing demand is a critical factor for success. Companies that can do this successfully gain a significant competitive advantage. A, C, and D are not always applicable in cyclical industries, as success and competition levels vary depending on the industry's specific conditions.

In Cyclical Industries