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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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@TruthfulRhythm

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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?

    <p>Constantly innovate and expand into adjacent markets to stay relevant</p> 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?

    <p>Fixed assets such as car fleets, hotels, and infrastructure</p> Signup and view all the answers

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

    <p>Reinvent the legacy business while maintaining cost leadership</p> Signup and view all the answers

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

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

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

    <p>Address productivity issues and reduce dependence on fixed assets</p> Signup and view all the answers

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

    <p>Incumbents have strong control over distribution channels and proprietary technology</p> Signup and view all the answers

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

    <p>Decisively change course and balance restructuring the core business</p> Signup and view all the answers

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