The Intensity of Rivalry Among Competing Sellers Does NOT Depend

question 19

Multiple Choice

The intensity of rivalry among competing sellers does NOT depend on whether

• A) the industry has more than two strong driving forces and whether the industry has more than two diverse and capable strategic groups.
• B) competitors are diverse in terms of long-term directions, objectives, strategies, and countries of origin.
• C) strong companies outside the industry have acquired weak firms in the industry and are launching aggressive moves to transform the acquired companies into strong market contenders.
• D) one or two rivals have particularly powerful and successful strategies to grow the business, attract and retain buyers, and develop a sustained competitive advantage.
• E) industry conditions attract industry members to use price cuts or other competitive weapons to boost total sales volume and market share.

Understand the foundational concepts of corporation formation and the importance of articles of incorporation.

Know the powers and limitations of corporate officers and directors within the context of business operations.

Recognize the significance of the corporate veil and circumstances under which it may be pierced.

Differentiate between types of corporations based on incorporation jurisdiction and purpose.

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Definitions:

Presumptions

Beliefs or assumptions accepted as true on the basis of probabilities without direct evidence or proof.

Mailbox Rule

A legal principle that an offer is considered accepted once the acceptance is dispatched by the offeree, not when it is received by the offeror.

Dispatched

The process of sending off to a destination or for a purpose, often used in contexts of mail, orders, or tasks being sent out or completed.

Insurance Company

A business entity that provides financial protection or reimbursement against losses to individuals or entities, in exchange for the payment of premiums.