When Rivalrous Firms Compete Aggressively by Trying to Attract Competitors

question 45

Multiple Choice

When rivalrous firms compete aggressively by trying to attract competitors' customers,this might be an indication of:

• A) an industry with low exit barriers.
• B) increasing economies of scale.
• C) slow industry growth.
• D) high bargaining power among buyers.

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Definitions:

Foreign Corporation

A business entity that is registered under the laws of a state or country different from where it actually does business.

Jurisdiction

The official power to make legal decisions and judgments, typically in a specific geographic area or over certain types of cases.

Legal Rules

Principles or guidelines established by authority, society, or custom, which are enforceable through legal institutions.

Foreign

Related to or originating from a country different from the one being referred to, often implies external or outside influence or components.