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:

Political Correctness

The avoidance of expressions or actions that can exclude, marginalize, or insult groups of people traditionally discriminated against.

Marginalized Groups

Populations or communities that are excluded, disadvantaged, or relegated to the fringe of society based on a variety of factors like race, gender, economic status, or sexuality.

Busing System

A method of transportation that uses buses to move people from one place to another, often used in the context of desegregating schools by transporting students to schools outside their neighborhoods.

Economic Difficulties

Situations characterized by financial challenges, such as high unemployment rates, inflation, and poverty.