Which of the Following Is True Regarding Competitive Rivalry

question 60

Multiple Choice

Which of the following is true regarding competitive rivalry?

• A)The more competitors an industry has,the higher will be the differentiation among them.
• B)High differentiation among competitors increases competitive rivalry.
• C)Excess capacity within an industry can cause competitors to intensify their moves against one another.
• D)Intense competitive rivalry leads to higher prices and margins.
• E)Intense competitive rivalry leads to lower marketing and sales expenses for retaining customers.

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Definitions:

American Way of Life

A phrase referring to the lifestyle and cultural norms prevalent in the United States.

Civil Rights Movement

A pivotal series of events and efforts, primarily during the 1950s and 1960s in the United States, aimed at ending racial segregation and discrimination against African Americans and securing legal recognition and federal protection of the citizenship rights enumerated in the Constitution and federal law.

Reconstruction

The period following the American Civil War (1865-1877) during which the United States attempted to address the inequities of slavery and integrate formerly enslaved people into society and politics.

1950s

A decade marked by post-World War II recovery, the beginning of the Cold War, and significant social and economic changes in many parts of the world.