A Competitive Environment Where There Is Weak to Moderate Rivalry

question 115

Multiple Choice

A competitive environment where there is weak to moderate rivalry among sellers, high entry barriers, weak competition from substitute products, and little bargaining leverage on the part of both suppliers and customers

• A)lacks powerful driving forces.
• B)gives each industry competitor the best potential for building sustainable competitive advantage over rival firms.
• C)makes it challenging for industry members to compete successfully unless they can strongly differentiate their products.
• D)is conducive to industry members earning attractive profits.
• E)requires that industry members have low costs in order to be competitively successful.

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Definitions:

Cultural Shock

The feeling of disorientation or anxiety experienced when encountering a culture markedly different from one's own.

Cultural Capital

Non-financial social assets that promote social mobility beyond economic means, such as education, intellect, style of speech, and dress.

Bourdieu

A French sociologist, anthropologist, and philosopher known for his work on habitus, cultural capital, and social fields.

Deadnaming

The act of using the birth or previous name of a transgender or non-binary person without their consent, often considered disrespectful and invalidating.