______ Refers to How Passively or Aggressively the Businesses Within

question 60

Multiple Choice

______ refers to how passively or aggressively the businesses within an industry compete with each other.

• A) Threat of substitute products or services
• B) Threat of new entrants
• C) Degree of rivalry among existing competitors
• D) Degree of external competition

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Definitions:

Ingroup Prototype

The most representative or ideal example of the characteristics and behaviors of an ingroup, serving as a standard or model for group members.

Outgroup Prototype

refers to the generalized, often simplified, perceptions or stereotypes that individuals hold about members of a group to which they do not belong.

Relative Homogeneity Effect

A perception bias where individuals see out-group members as more similar to each other than in-group members, often leading to stereotyping.

Heterogeneous

Consisting of elements or components that are different from each other; diverse in character or content.