The Rivalry Among Competing Sellers Tends to Be Less Intense

question 103

Multiple Choice

The rivalry among competing sellers tends to be less intense when

• A) industry conditions tempt competitors to use price cuts or other competitive weapons to boost unit sales.
• B) buyer demand is weak and many sellers have excess capacity and/or inventory.
• C) industry rivals are not particularly aggressive or active in making fresh moves to improve their market standing and business performance.
• D) rivals have diverse strategies and objectives and are located in different countries.
• E) rival sellers have weakly differentiated products.

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Definitions:

Self-Efficacy

An individual's confidence in their capacity to achieve success in particular scenarios or complete a given task.

Personal Deficiencies

The perceived or actual lacks in personal skills, abilities, or attributes that can hinder one's well-being or achievements.

Attentional Process

The cognitive procedures that allow an individual to concentrate on specific environmental stimuli while ignoring others, crucial for learning and decision-making.

Imitate

The act of copying or reproducing someone else's behavior, actions, or expressions, often as a method of learning or fitting in.