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Consumer Behavior in a Deregulated Market Quiz

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Consumer Behavior in a Deregulated Market Quiz

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Questions and Answers

Which of the following is NOT a strategy the article recommends for industries in the 'Durability' state?

Focus on improving efficiency and reducing operating costs

Reinvent the legacy business while maintaining cost leadership

Invest heavily in new technologies to disrupt the industry (correct)

Leverage established brands and distribution channels

In industries experiencing 'Vulnerability', what does the article suggest companies should do to address their issues?

Aggressively acquire smaller competitors to consolidate the market

Address productivity issues and reduce dependence on fixed assets (correct)

Shift focus to high-margin niche markets to avoid disruption

Invest heavily in marketing to defend their established brands

Which of the following is a key characteristic of industries in the 'Volatility' state according to the article?

Disruptors are primarily targeting new markets, not existing customers

Barriers to entry remain high, protecting incumbent market share

Incumbents have strong control over distribution channels

Disruption has become a constant, requiring ongoing innovation (correct)

What is the key recommendation the article provides for industries in the 'Viability' state?

Constantly innovate and expand into adjacent markets to stay relevant Signup and view all the answers

According to the article, what is a key weakness that has become a liability for incumbents in 'Volatility' industries?

Fixed assets such as car fleets, hotels, and infrastructure Signup and view all the answers

What is the key recommendation the article provides for industries in the 'Durability' state?

Reinvent the legacy business while maintaining cost leadership Signup and view all the answers

According to the article, what is a key characteristic of industries in the 'Viability' state?

Disruptive innovation has become a constant, requiring ongoing adaptation Signup and view all the answers

What is the key recommendation the article provides for industries in the 'Vulnerability' state?

Address productivity issues and reduce dependence on fixed assets Signup and view all the answers

According to the article, what is a key characteristic of industries in the 'Durability' state?

Incumbents have strong control over distribution channels and proprietary technology Signup and view all the answers

What is the key recommendation the article provides for industries in the 'Volatility' state?

Decisively change course and balance restructuring the core business Signup and view all the answers