The Intensity of Competition Is Greater in Declining Industries in Which

question 63

Multiple Choice

The intensity of competition is greater in declining industries in which:

• A) the industry is declining slowly instead of rapidly.
• B) the product is easy to differentiate.
• C) exit barriers are high.
• D) entry barriers are high.
• E) technology is stable.

---

Definitions:

Partisan Loyalty

A strong allegiance to a particular political party and its policies, often leading to biased support regardless of evidence or arguments to the contrary.

State Legislator

An elected member of the legislative body within a state, responsible for making and amending state laws.

U.S. Senator

A member of the United States Senate, one of the two chambers in the U.S. Congress, representing one of the 50 states.

Psychological Attachment

Psychological attachment pertains to the emotional bond or connection that forms between individuals, often influencing their personal relationships and behaviors throughout life.