Rivalry Among Competing Sellers Grows in Intensity When

question 137

Multiple Choice

Rivalry among competing sellers grows in intensity when:

• A) rivals' products/services are sold at widely varying prices and there are only a few rivals.
• B) rivals have highly differentiated products and buyer demand is growing rapidly.
• C) there are so many industry rivals that the impact of any one company's actions is spread thinly across all industry members.
• D) the products/services of rivals are strongly differentiated and buyers have high switching costs.
• E) buyer demand is growing slowly or declining and the number of competitors is increasing and they become more equal in size and competitive capability.

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Definitions:

Travel Expenses

Costs associated with traveling for business purposes, such as transportation, lodging, and meals.

Variable Cost

A cost that varies with the level of output or production, such as materials or labor costs.

Fixed Cost

A cost that does not change with the level of production or sales over a certain period, such as rent or salaries.

Plane Operating Costs

The expenses associated with operating an aircraft, including fuel, maintenance, crew, and landing fees.