Rivalry Among Competing Sellers Increases

question 90

Multiple Choice

Rivalry among competing sellers increases:

• A) when buyer demand is growing slowly.
• B) as it becomes more costly for buyers to switch brands.
• C) as the products of rival sellers become more strongly differentiated.
• D) when there is underproduction relative to demand..
• E) as the number of competitors decreases.

---

Definitions:

Business Finances

The management of a company's money, including budgeting, investing, and financial reporting.

Family Business Feud

What occurs when family members have major disagreements over how the business should be run.

Work Responsibilities

The duties and tasks assigned to an employee as part of their job role.

Business Strategy

A plan of action designed to achieve a long-term or overall aim within the business sector, considering internal and external factors.