stage of industry evolution, uniform quality is assumed.

Question 1.In the ___________ stage of industry evolution, uniform quality is assumed.

  •   embryonic
  •   growth
  •   maturity
  •   decline

Question 2.In the _____ method of forecasting, successive requisitioning in light of initial answers sharpens the results obtained.

  •   Trend analysis
  •   Alternative scenarios
  •   Delphi
  •   Time series

Question 3.Comparative growth rates of nations in the major industrial nations after World War II was ___________.

  •   normal
  •   exceptional
  •   negative
  •   remained the same

Question 4.In ________ societies, economic activity revolves around the manipulation and movement of “massive objects against friction and gravity.”

  •   modern
  •   industrial
  •   postindustrial
  •   contemporary

Question 5.The evolution of ___________ is a critical element in the formulation of a company’s strategy.

  •   resources
  •   business strategy
  •   corporate strategy
  •   industry structures

Question 6.In commercializing a new technology, finding new opportunities and _________ them are the key activities.

  •   inventing
  •   exploiting
  •   standardizing
  •   providing resources for

Question 7.In the __________ stage of industry evolution, there is a shakeout among the competition.

  •   embryonic
  •   growth
  •   maturity
  •   decline

Question 8.As industries mature, products become _______.

  •   specialized
  •   commodities
  •   scarce
  •   differentiated

Question 9.In many companies, innovative people are likely to be found in foreign operations, where ________ is less prevalent.

  •   strategy
  •   mission
  •   vision
  •   groupthink

Question 10.In the ________ stage of industry evolution, specialized channels are needed for distribution.

  •   embryonic
  •   growth
  •   maturity
  •   decline

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