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:

Transfer Warranty

A legal guarantee by the seller that they have the right to transfer a title and that the title is free from any lien or encumbrance not disclosed in the contract.

Jones V.Wells Fargo Bank, N.A.

A legal case involving allegations against Wells Fargo Bank regarding its mortgage practices.

Conversion

The unauthorized act of taking someone else's property and converting it into one's own use, which infringes on the legal rights of the owner.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a specific sum of money either on demand or at a specified future date.