Which of the Following Industry Forces Is Most Likely to Give

question 17

Multiple Choice

Which of the following industry forces is most likely to give a new business a far better chance of succeeding?

• A)intense rivalry among competitors
• B)high customer power
• C)high barriers to entry
• D)high supplier power
• E)many product substitutes

Evaluate methods to overcome cognitive biases and improve critical thinking and decision-making skills.

Understand the characteristics and effectiveness of transformational and transactional leadership.

Comprehend leader-member exchange (LMX) theory, including its basis in social exchange theory and implications for performance and organizational citizenship behaviors (OCB).

Recognize the importance of trust, support, and reciprocity in the relationship between leaders and followers.

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Definitions:

Purchase Returns

Occurs when a buyer returns merchandise that it had purchased from a supplier, often due to issues like defects or dissatisfaction.

Purchase Discounts

Reductions in the purchase price of goods, often granted by suppliers for early payment.

Profit Margin

The percentage difference between a product's selling price and the cost to produce it, indicating the financial health and profitability of a business.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues, indicating financial performance over a period.