The Intensity of Rivalry Among Competing Sellers Does Not Depend

question 52

Multiple Choice

The intensity of rivalry among competing sellers does not depend on whether

• A)the industry has more than two strong driving forces and whether the industry has more than two diverse and capable strategic groups.
• B)competitors are diverse in terms of long-term directions, objectives, strategies, and countries of origin.
• C)strong companies outside the industry have acquired weak firms in the industry and are launching aggressive moves to transform the acquired companies into strong market contenders.
• D)one or two rivals have particularly powerful and successful strategies to grow the business, attract and retain buyers, and develop a sustained competitive advantage.
• E)industry conditions attract industry members to use price cuts or other competitive weapons to boost total sales volume and market share.

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Definitions:

Company Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business.

Business Strategy

A plan of action designed to achieve a set of objectives and gain a competitive advantage in the market.

Selection Process

The series of steps employed by an organization to evaluate and choose the best candidates for a particular job.

Predictors

Variables or factors that can be used to forecast or anticipate the outcomes or actions of an individual or system.