The Competitive Force of Rival Firms' Jockeying for Better Market

question 6

Multiple Choice

The competitive force of rival firms' jockeying for better market positions,higher sales and market shares,and competitive advantage

• A) is stronger when firms strive to be low-cost producers than when they use differentiation and focus strategies.
• B) is typically a weaker competitive force than is the threat of entry of new rivals.
• C) is largely unaffected by whether industry conditions tempt rivals to use price cuts or other competitive weapons to boost unit sales.
• D) tends to intensify when strong companies outside the industry acquire weak firms in the industry and launch aggressive, well-funded moves to transform the acquired companies into strong market contenders.
• E) is weaker when more firms have weakly differentiated products, buyer demand is growing slowly, and buyers have moderate switching costs.

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Definitions:

Optimistic

A mindset or attitude characterized by the expectation of positive outcomes or a general belief that good things will happen.

Julian Rotter

An American psychologist known for his work in social learning theory and the development of the concept of locus of control.

Behavioral Theorist

A researcher or theorist who focuses on how observable behavior is learned and shaped through interaction with the environment.

Skinner's Ideas

Refers to the concepts and theories developed by B.F. Skinner, particularly those related to behaviorism and operant conditioning.