Changes in competitors,sales and profits in an industry over time is called
A)industry dynamics.
B)retrenchment.
C)a shake-out.
D)a transformational competency.

Question

Quizplus · Accepted Answer

Industry dynamics refers to the changes and fluctuations in various aspects of an industry, including competitors, sales, and profits, over time. Retrenchment refers to a strategy of scaling back or cutting costs. A shake-out refers to a process of intense competition that leads to the exit of weaker firms from an industry. Transformational competency refers to a company's ability to innovate and adapt to changes in the market.

Changes in Competitors,sales and Profits in an Industry Over Time