Several Factors Can Create Intense Rivalry Among Firms

question 29

Multiple Choice

Several factors can create intense rivalry among firms.These factors include all of the following factors except:

• A)firms focus on market share at the expense of others.
• B)firms feel pressure due to fixed costs and produce at full capacity.
• C)lack of differentiation in products and services.
• D)upward pressure on prices and profitability.
• E)absence of switching costs for customers.

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Definitions:

Electromagnetic Spectrum

The range of all types of electromagnetic radiation, including gamma rays, X-rays, ultraviolet light, visible light, infrared light, microwaves, and radio waves, each varying in wavelength and energy.

Electromagnetic Radiation

A form of energy that is propagated through space or matter, including radio waves, microwaves, infrared, visible light, ultraviolet, X-rays, and gamma rays.

Absorption

The process by which one substance takes up or takes in another substance, at the molecular or ionic level.

Frequency

The number of occurrences of a repeating event per unit of time, often used in the context of waves (e.g., sound waves, electromagnetic waves).