Rapid-Built Homes Specializes in Low-Cost Prefabricated, Modular Homes That Can

question 61

Multiple Choice

Rapid-Built Homes specializes in low-cost prefabricated, modular homes that can be erected in a matter of days anywhere in the country. Rapid-Built focuses on entire subdivisions of homes developed by real estate speculators. ModernModular Homes (ModMod) specializes in modular homes designed by architects, which can be built anywhere in the country. The buyers usually build the home themselves from kits on their own lots. ModMod sells fewer than 100 house kits per year. ModMod is run by two professors of architecture as a sideline business. According to the "Framework of Competitive Analysis," we can say that Rapid-Built and ModMod

• A) are direct mutually acknowledged competitors.
• B) have high resource similarity.
• C) have high market commonality.
• D) are probably not engaged in intense competitive rivalry.

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Definitions:

Confidential Information

Any information, often of a proprietary or private nature, that is not to be shared with unauthorized individuals or entities.

Attorney-Client Privilege

A legal rule that protects communications between a client and their attorney from being disclosed to third parties.

Forever

A term indicating an infinite or unspecified period of time; endless duration.

Years

Units of time consisting of 365 or 366 days, divided into 12 months, used to measure periods of time in relation to the Earth's orbit around the Sun.