A Competitive Environment Where There Is Strong Rivalry Among Sellers

question 93

Multiple Choice

A competitive environment where there is strong rivalry among sellers, low entry barriers, strong competition from substitute products, and considerable bargaining leverage on the part of both suppliers and customers

• A)is competitively unattractive from the standpoint of earning good profits.
• B)offers little ability to build a sustainable competitive advantage.
• C)is highly conducive to achieving strong product differentiation and high customer loyalty to the company's brand.
• D)offers moderate to good prospects for making a reasonable profit and building a sustainable competitive advantage.
• E)requires that industry members have a strongly differentiated product offering in order to be profitable.

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Definitions:

Rationalist

One who claims that most human knowledge comes through reason.

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The faculty by which the mind stores and remembers information, or the recollections themselves.

Outstanding Events

Exceptional or remarkable occurrences that stand out from ordinary events.

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Ordinary or everyday occurrences that are not unusual or exciting.