Change in the industry environment faced by a firm is
A) massive and unpredictable.
B) gradual and predictable.
C) could be either a or b, depending on the industry and the prevailing conditions.
D) easier for large firms to cope with.
Correct Answer:
Verified
Q7: Knowledge influences the characteristics of an industry
Q8: Technical standards have the most dramatic effect
Q9: Over time, industry life cycles become longer
Q10: Firms are continually trying to erode the
Q13: A shift from radical to incremental innovation
Q14: Emphasis often shifts from product innovation to
Q15: The ideal time to make strategic changes
Q16: The industry life cycle comprises 4 stages:
Q17: Massive and unpredictable changes occur in some
Q72: Two main factors drive industry evolution: demand
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