The Stronger the Collective Impact of Competitive Pressures Associated with the Five

question 23

Multiple Choice

The stronger the collective impact of competitive pressures associated with the five competitive forces,

• A)the stronger are the industry's driving forces.
• B)the greater number of companies that can achieve a competitive advantage via differentiation.
• C)the larger the number of competitive advantage opportunities for industry members.
• D)the greater the number of industry key success factors.
• E)the fewer companies that can achieve a competitive advantage via anything other than being the industry's low-cost leader.

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Definitions:

Total Cost Curve

A graphical representation that shows how the total cost of production changes as the quantity of output changes.

Output

In economics, this refers to the total amount of goods and services produced by an economic system over a given period.

Total Daily Cost

The complete sum of all expenses incurred by an individual or company in a single day, including both fixed and variable costs.

Cost Of Workers

The total expenses incurred by an employer to compensate employees, including wages, benefits, and any other forms of compensation.