Rivalry Between Competitors of an Industry Tends to Be Fierce

question 55

Multiple Choice

Rivalry between competitors of an industry tends to be fierce when:

• A) exit barriers in the industry are low.
• B) fixed costs in the industry are low.
• C) competitors are not differentiated from each other.
• D) competition is based on the uniqueness of the industry's offerings.
• E) the growth rate of demand for the industry's offerings is high.

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Definitions:

Performance-Based Assessment

The evaluation of an individual using a variety of informal assessment procedures that are often based on real-world responsibilities. This kind of assessment is not highly loaded for cognitive skills, and these procedures are sometimes seen as an alternative to standardized testing (e.g., a portfolio). Type of informal assessment.

Speed And Agility

Physical attributes that measure how quickly an individual can move from one point to another and change direction efficiently.

Race-Based Differences

Variations in traits, abilities, or outcomes attributed to or associated with racial groups, often studied in the context of genetics, culture, or social structure.

Real-World Tasks

Tasks that mimic or represent activities from everyday life, designed to measure or train skills in a context similar to where they are naturally applied.