The Competitive Battles Among Rival Sellers Striving for Better Market

question 75

Multiple Choice

The competitive battles among rival sellers striving for better market positions,higher sales and market shares,and competitive advantage,suggests the rivalry force:

• A) is stronger when firms strive to be low-cost producers than when they use differentiation and focus strategies.
• B) is typically a weaker competitive force than is the threat of entry of new rivals.
• C) is largely unaffected by whether industry conditions tempt rivals to use price cuts or other competitive weapons to boost unit sales.
• D) tends to intensify when strong companies with sizable financial resources,proven competitive capabilities,and respected brand names hurdle entry barriers looking for growth opportunities and launch aggressive,well-funded moves to transform into strong market contenders.
• E) is weaker when more firms have weakly differentiated products,buyer demand is growing slowly,and buyers have moderate switching costs.

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Definitions:

Class-Action Basis

A lawsuit where a group of people with similar grievances combine their complaints into a single lawsuit against a defendant, alleging common law violations.

Malpractice Case

A legal case brought against a professional, such as a doctor or lawyer, for negligence or incompetence.

Motion for a New Trial

A legal request made by a party in a trial to have the trial heard again, either in part or in full, due to errors or new evidence.

Damages

Monetary compensation awarded by a court to a person who has suffered loss or harm due to the wrongful act of another.