Identify and Briefly Explain Any Three Factors That Intensify Competitive

question 88

Essay

Identify and briefly explain any three factors that intensify competitive pressures stemming from the threat that new firms will enter the industry.

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Definitions:

Hope

A feeling of expectation and desire for a particular thing to happen, often associated with motivation and optimism.

Universality

The quality of being universal; applicable or relevant across all cases or situations.

Interpersonal Learning

A process through which individuals gain insight into themselves and others by participating in and reflecting upon their interactions.

Self-disclosure

The act of revealing personal information to others which is not readily known by them, typically to build trust or intimacy.