Some industries are dynamic simply because of ________.
A) the rapid pace of change
B) the number of competitors
C) the market concentration
D) the five forces

Question

Quizplus · Accepted Answer

Industries are dynamic because they are subject to constant change. Technological advancements, changing consumer preferences, and globalization can all lead to rapid shifts within an industry. Therefore, option A is the best choice. B, C, and D are incorrect because the number of competitors, market concentration, and five forces may contribute to an industry's competitiveness, but they do not necessarily make the industry dynamic.

Some Industries Are Dynamic Simply Because of ________