Factors That Tend to Result in Weak Rivalry Among Competing

question 59

Multiple Choice

Factors that tend to result in weak rivalry among competing sellers include:

• A) less costly buyer switching costs and when low exit-barriers exist keep unprofitable firms from leaving the industry.
• B) rapid growth in buyer demand,high buyer costs to switch brands,and more strongly differentiated products.
• C) less strongly differentiated products among rival sellers.
• D) rivals that are quite diverse in terms of their strategies,objectives,and countries of origin.
• E) conditions where outsiders have recently acquired weak competitors and are challenged in migrating them into major contenders.

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Definitions:

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Products or services that can serve as replacements for each other; when the price of one increases, the demand for the alternative typically increases.

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A graph showing the relationship between the price of a good and the amount of it that consumers are willing to purchase at different prices.