Market size,ease of entry and exit,and economies of scale are all examples of
A)Defensive strategies.
B)Key success factors.
C)Dominant economic characteristics.
D)Differentiation.

Question

Quizplus · Accepted Answer

Dominant economic characteristics are the key industry factors that determine the competitive landscape and attractiveness of an industry. Market size, ease of entry and exit, and economies of scale are all dominant economic characteristics that affect competition in an industry. Defensive strategies refer to actions taken to prevent or minimize competitive threats, key success factors are critical factors for success in a specific industry, and differentiation refers to creating unique and valuable products or services to stand out from competitors.

Market Size,ease of Entry and Exit,and Economies of Scale Are