Question 1 (1 point) Saved Industries evolve over time. Industries such as the automotive industry, for example, are in the ______ stage of their evolution.

Question 1 options:

mature

decline

shakeout

growth

Question 2 (1 point) Saved Substitutes are goods or services provided by _____

Question 2 options:

competitors in another industry that fill similar needs

buyers who are price sensitive

rivals seeking to steal market share

suppliers offering heavily discounted goods or services

Question 3 (1 point) Saved Each of the activities in athe production of a good or a service adds _____ and _____

Question 3 options:

costs, expected margins

time, costs

revenue, improves the profit margin

complexity, cooperative opportunities

Question 4 (1 point) Saved Buyers who pay less and get more have _____

Question 4 options:

influence

thrifty values

power

a large bank account

Question 5 (1 point) Saved The industry value chain can be defined as all of the activities within an industry from _______ to _________.

Question 5 options:

production, sales

inventories, finished goods

raw material procurement, final purchase

accounting, human resources