Question

Industry conditions change A. because of newly emerging industry threats and industry opportunities that alter the composition of the industry's strategic groups. B. because new industry key success factors emerge. C. because of such powerful driving forces as swings in buyer demand, changing interest rates, ups and downs in the economy, and higher/lower entry barriers. D. chiefly because of changes in the barriers to entry and the degree of competition from substitute products. E. because forces create pressures or incentives for industry participants (competitors, customers, suppliers) to alter their actions in important ways.

Answer 1

Answer:

E. because forces create pressures or incentives for industry participants (competitors, customers, suppliers) to alter their actions in important ways.

Explanation:

Industries can be described as different manufacturers producing a kind of particular goods or services.

Industry conditions are situations whereby there would be pressure among the compititors or customers in this industry which result to changing of their action in one way or the other which can influence the industry in positive or negative way.

We have different industries such as automobile, mining, food service and others.