what are the dominant feature of industrial society
Answers
Answer: This means that a true industrial society not only features mass factory production but also has a particular social structure designed to support such operations. Such a society is typically organized hierarchically by class and features a rigid division of labor among workers and factory owners.
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Answer:
Industry's dominant features :
-›Market size
-›Scope of rivalry
-›Growth rate, state of the life cycle is the industry in
-›Number of rivals and their relative size
-›Prevalence of forward/backwards integration
-›Channels of distribution
-›Pace of process and product technology change
-›Are products highly differentiated or very similar?
-›Product differentiation
-›Economies of scale in purchasing, distribution, advertising, manufacturing, etc.
-›Are high rates of capacity utilization important for profitability?
-›Historical levels of profitability
-›Segments within the industry and their effect on competition and profitability
This means that a true industrial society not only features mass factory production but also has a particular social structure designed to support such operations. Such a society is typically organized hierarchically by class and features a rigid division of labor among workers and factory owners.