Which of the following is MOST likely to qualify as a driving force?
A) increases in price-cutting by rival sellers and the launch of major new advertising campaigns by one or more rivals
B) successful introduction of innovative new products or new ways to market products
C) an increase in the prices of substitute products
D) decisions on the part of industry's three biggest competitors not to pursue a strategy of striving to be the industry's low-cost leader
E) decisions by one or more outsiders not to attempt to enter the industry

Question

Quizplus · Accepted Answer

The successful introduction of innovative new products or new ways to market products can be a driving force in an industry, as it can stimulate demand and encourage other companies to innovate and remain competitive. The other options are not necessarily driving forces as they may not directly impact the competitive environment of the industry.

Which of the Following Is MOST Likely to Qualify as a Driving