Question

Silvio is a manager at a software firm. The chief executive officer tells him that the industry as a whole has become increasingly profitable over the past five years. Based on this information, Silvio is most likely to expect:

a) Increased job opportunities
b) Higher software prices
c) Increased competition
d) Increased salaries in the industry

Answer 1

Silvio is most likely to expect increased competition in the software industry based on the CEO's statement about its profitability over the past five years.

Step-by-step explanation:

The CEO's statement that the software industry has become increasingly profitable over the past five years indicates that Silvio can expect increased competition. When an industry becomes more profitable, it attracts more businesses and entrepreneurs who want to enter the market and compete for a share of the profits. This increased competition can lead to a wider range of options for consumers, but it can also make it more challenging for businesses within the industry to stand out and succeed.