Some Industries' Competition Is Much More Intense Than Others

question 4

Multiple Choice

Some industries' competition is much more intense than others. Retail grocery stores such as Kroger, Safeway, and Albertson's in the United States experience fierce competition and offer similar marketing campaigns to compete. What is this an example of in terms of Porter's Five Forces?

• A) Rivalry among new entrants
• B) Rivalry among existing competitors
• C) Threat of substitute products or services
• D) Buyer power

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Definitions:

Plant and Animal Species

Various types of living organisms belonging to the kingdoms of Plantae and Animalia, each distinguished by unique characteristics and genetic makeup.

Evolution

The process through which different kinds of living organisms are believed to have developed from earlier forms during the history of the earth.

Environmental Degradation

The deterioration of the environment through depletion of resources, destruction of ecosystems, and extinction of wildlife.

Global Warming

The ongoing rise in the average temperature of the Earth's climate system, largely due to the greenhouse gas emissions from human activities.