The Way to Reduce the Rivalry Between Existing Competitors in an Industry

question 15

True/False

The way to reduce the rivalry between existing competitors in an industry is to reduce the barrier to entry to the industry.

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Definitions:

Unconditioned Response

The response normally produced by the conditioned response (e.g., salivation being produced by food).

External Locus

A belief system where individuals perceive their outcomes and experiences as being controlled by external forces or fate rather than their own actions.

Internal Locus

The belief that one's actions and outcomes are a result of personal decisions and efforts rather than external factors.

Self-Actualization

The need to actualize or "make actual" your unique talents and abilities.