The Competitive Pressures on Companies Within an Industry Comes from Those

question 9

Multiple Choice

The competitive pressures on companies within an industry comes from those:

• A) associated with the market maneuvering and jockeying for buyer patronage that goes on among rival firms in the industry.
• B) companies in other industries attempting to win buyers over to their substitute products.
• C) associated with the threat of new entrants into the marketplace.
• D) associated with the bargaining power of suppliers and customers.
• E) All of these.

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Definitions:

Misrepresentation

A false statement of fact made by one party to another, which induces the latter to enter a contract, capable of being grounds for legal action.

Material Fact

A fact that is significant or essential to the matter at hand, and whose disclosure can influence the decisions of those involved in a legal agreement or transaction.

New Brakes

Refers to recently installed braking components in a vehicle, intended to improve safety and performance.

Physical Duress

Coercion involving the use of or threat of physical force to compel someone to act against their will.