Question

Which of the following is particularly pertinent in evaluating whether an industry presents a sufficiently attractive business opportunity? Group of answer choices Whether the market leaders enjoy competitive advantages and how hard it is to develop a strongly differentiated product Constructing a strategic group map and assessing the attractiveness of the competitive position of each strategic group An assessment of which firms in the industry have the best and worst competitive strategies, whether the number of strategic groups in the industry is increasing or decreasing, and whether economies of scale and experience curve effects are a key success factor Whether there are more than 5 key success factors and more than 5 barriers to entry The industry's growth potential, whether competition appears destined to become stronger or weaker, and whether the industry's overall profit prospects are above average, average, or below average

Answer 1

Which of the following is particularly pertinent in evaluating whether an industry presents a sufficiently attractive business opportunity? Group of answer choices Whether the market leaders enjoy competitive advantages and how hard it is to develop a strongly differentiated product Constructing a strategic group map and assessing the attractiveness of the competitive position of each strategic group An assessment of which firms in the industry have the best and worst competitive strategies, whether the number of strategic groups in the industry is increasing or decreasing, and whether economies of scale and experience curve effects are a key success factor Whether there are more than 5 key success factors and more than 5 barriers to entry The industry's growth potential, whether competition appears destined to become stronger or weaker, and whether the industry's overall profit prospects are above average, average, or below average

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