What Is Rivalry Among Existing Competitors

question 260

Multiple Choice

What is rivalry among existing competitors?

• A)the ability of buyers to affect the price they must pay for an item
• B)the suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services)
• C)high when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market
• D)high when competition is fierce in a market and low when competitors are more complacent

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Definitions:

Group Maintenance Behavior

Activities and behaviors that support the social and interpersonal cohesion of a group, helping it to remain cohesive and fulfill its objectives.

Interpersonal Relations

The interactions and relationships that occur between individuals in a given context.

Conflict Resolution

The process of resolving disagreements or disputes among individuals or groups in a peaceful and mutually agreeable manner.

Formal Leader

An individual who holds an official position of authority and is recognized within an organization as having the right to guide and direct others.