Rivalry Among Competing Sellers Is Generally Less Intense When

question 12

Multiple Choice

Rivalry among competing sellers is generally less intense when

• A)there are relatively more industry key success factors.
• B)the industry's driving forces are weak and rivals have mostly commodity products.
• C)barriers to entry are moderately low and the pool of likely entry candidates is large.
• D)rivals are wary of making fresh moves to lower prices, introduce new products, increase promotional efforts and advertising, and otherwise gain sales and market share.
• E)buyers have many alternative products or services from which to choose.

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Definitions:

Cultural Relativism

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture.

Ethical Imperialism

The practice of applying one's own ethical standards to individuals or organizations from different cultural or societal backgrounds.

Ethical Dilemma

A situation in which a person must choose between conflicting moral principles, making it challenging to determine the right course of action.

Potential Benefit

The prospective advantages or gains that may be realized from a particular situation, action, or decision.