What Makes the Marketplace a Competitive Battlefield Is

question 66

Multiple Choice

What makes the marketplace a competitive battlefield is:

• A) the race of industry members to build strong defenses against the industry's driving forces.
• B) the constant rivalry of firms to strengthen their standing with buyers and win a competitive edge over rivals.
• C) the ongoing race among rival sellers to have the highest-quality product.
• D) the ongoing efforts of industry members to introduce new and improved products/services at a faster rate than their rivals.
• E) the ongoing race among rivals to achieve the fastest rate of growth in revenues and profits.

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Definitions:

Delegation

The assignment of authority and responsibility to another person to carry out specific activities while the person delegating retains the ultimate responsibility for the outcome.

Giving Orders

The act of commanding, directing, or instructing someone to do something.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone.

Express Opinions

The act of verbally or non-verbally conveying one's personal thoughts, beliefs, or preferences.