Nonresponse, while an issue in the research industry, is certainly not one of the major problems confronting the industry

From an industry point of view, Universal Pictures film studio might see its competition as ________

A) West End theatre B) Columbia Pictures C) Tomorrowland D) Summerfest E) HarperCollins

Why are industry standards so important in high-tech markets?

a. They restrict customer options, enhancing the odds that a firm will gain sales. b. Standards reduce customer fear, uncertainty, and doubt, and thus, can help to grow the market, which is particularly important for products with network externalities. c. The availability of complementary products is large determined by the number of competitors in an industry. d. Because intellectual property rights are difficult to enforce. e. All of the above.