Rivalry Among Competing Sellers Is Generally More Intense When

question 92

Multiple Choice

Rivalry among competing sellers is generally more intense when:

• A) there are relatively few industry key success factors and rivals have highly differentiated products.
• B) the industry's driving forces are strong and rivals have strongly differentiated products.
• C) barriers to entry are moderately high and the pool of likely entry candidates is small.
• D) rivals are active in making fresh moves to lower prices,introduce new products,increase promotional efforts and advertising,and otherwise gain sales and market share.
• E) barriers to entry are high and buyer switching costs are high.

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Definitions:

Lochner V. New York

A landmark U.S. Supreme Court case from 1905 that struck down a New York law setting maximum working hours, ruling it as an unconstitutional interference with individual freedom of contract.

Right Of Contract

The legal ability of individuals or entities to enter into binding agreements without coercion or undue influence.

Individual Freedom

The liberty of an individual to act, speak, or think as one desires without hindrance or restraint, within the limits of law.

Federal Assistance

Financial or material support provided by the federal government to individuals, organizations, or state and local governments.