Question

Which of the following is not generally a "driving force" capable of producing fundamental changes in industry and competitive conditions?

a) changes in the long-term industry growth rate
b) increasing globalization of the industry
c) product innovation and technological change
d) movement in the economy and in interest rates
e) regulatory influences and government policy changes

Answer 1

Movement in the economy and in interest rates is not generally a "driving force" capable of producing fundamental changes in industry and competitive conditions.

Step-by-step explanation:

The correct answer is option d) movement in the economy and in interest rates. While changes in the long-term industry growth rate, increasing globalization of the industry, product innovation and technological change, and regulatory influences and government policy changes are all driving forces capable of producing fundamental changes in industry and competitive conditions, movement in the economy and in interest rates typically do not have the same transformative effect.