In Which of the Following Cases Is the Strength of Competitive

question 32

Multiple Choice

In which of the following cases is the strength of competitive forces low?

• A) when switching costs are high
• B) when rival products are priced relatively low
• C) when customer loyalty to the brand or company is low
• D) when finding rival products is easy

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Definitions:

Material Elements

Physical components or substances that make up objects or environments.

Media Platform

A technology or service that enables content creation, sharing, and broadcasting to a wide audience, such as television, radio, or the internet.

Social Constructivism

A theory in sociology and philosophy which posits that realities are socially constructed, emphasizing the significance of human interaction in developing shared meanings and understandings.

Technological Determinism

The theory that technology shapes societal structures, values, and relationships in a deterministic manner, with minimal human control or influence.