Which is NOT considered a common driving force with the capability to produce major, lasting changes in an industry and competitive conditions?
changing societal concerns, attitudes, and lifestyles
movement in the economy and in interest rates
diffusion of technical know-how across companies and countries
Increasing globalization advances in technology and manufacturing process innovation

Respuesta :

Answer:

The correct answer is: Movement in the economy and in interest rates.

Explanation:

The driving forces of industry competitiveness conditions in the long term must somehow improve human capital, enhance better business and organization practices, incentivate technological breakthroughs capable of increasing productivity of factors, increase efficiency, among others.

All options are related, except for Movement in the economy and in interest rates, since this option is a) a short-term strategy and b) not directly imputable to the productive apparatus.

The driving forces of the industries and the companies are the factors that force them to compete in the market. Movement in the economy and interest rates is not a driving force.

What are economy and interest rates?

The economy is the resources and the wealth of the nation in a defined period and region. It includes the factors like the market, import, export, and consumption of goods and services.

Interest rates are the defined amount charged by the lender on the amount of the money deposited or landed of the loan.

Industrial competitiveness is driven by the factors that increase capital, technologies, profits, inventions, efficiencies etc.

Therefore, option b. movement in the economy and in interest rates are not considered a common driving force.

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