Asked by Darren Elliot on Jul 15, 2024
Verified
Which of the following is NOT one of the forces that drive industry analysis?
A) competitive rivalry
B) threat of new entrants
C) product-market evolution
D) bargaining power of buyers
Industry Analysis
A market assessment tool designed to provide a business with an idea of the complexity of a particular industry.
Competitive Rivalry
The intensity of competition among firms in the same industry or market.
Product-Market Evolution
The process through which products and markets go through stages of introduction, growth, maturity, and decline.
- Acknowledge the role of industry analysis forces in shaping market dynamics.
Verified Answer
AS
arbaz sandhuJul 16, 2024
Final Answer :
C
Explanation :
Product-market evolution is not one of the forces that drive industry analysis. The other three options (competitive rivalry, threat of new entrants, bargaining power of buyers) are commonly used to analyze industries and determine strategies for businesses operating within those industries.
Learning Objectives
- Acknowledge the role of industry analysis forces in shaping market dynamics.
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