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 typically use alliances to gain market access.
A)fast-cycle
B)standard-cycle
C)slow-cycle
D)intermediate-cycle

Question

Quizplus · Accepted Answer

The use of alliances to gain market access in the steel industry suggests that it operates in a slow-cycle environment. In slow-cycle industries, market conditions and technologies evolve slowly, and firms may resort to strategic alliances and long-term investments to gain or maintain access to markets.

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