When a Firm Is Overly Dependent on One or More

question 16

Multiple Choice

When a firm is overly dependent on one or more products or markets, and the intensity of rivalry in that market is intense, the firm may wish to ____ by making an acquisition.

• A) increase new product speed to market
• B) broaden its competitive scope
• C) increase its economies of scale
• D) overcome entry barriers

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Definitions:

Achievement Motivation

Describes a person's drive to strive for success and accomplish challenging goals.

Competitive Situations

Scenarios or environments where individuals or groups are in competition with each other to achieve a certain goal, often leading to heightened levels of performance.

Standard Of Excellence

A level of quality or achievement that is considered superior and serves as a benchmark for others to strive toward.

Immediate Feedback

Rapid response or information provided immediately after an action or behavior, used to reinforce or correct the action.