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:

Consistent Notion

A concept or idea that remains uniform or unchanged across different contexts or over time.

Negative Reinforcement

A behavioral principle where the removal of an unfavorable event or condition strengthens a behavior or increases its likelihood of being repeated.

Tension Reduction

A psychological process aiming to decrease stress and anxiety levels, often through relaxation techniques.