A Competitive Environment Where There Is Weak to Moderate Rivalry

question 44

Multiple Choice

A competitive environment where there is weak to moderate rivalry among sellers,high entry barriers,weak competition from substitute products,and little bargaining leverage on the part of both suppliers and customers

• A) lacks powerful driving forces.
• B) gives each industry competitor the best potential for building sustainable competitive advantage over rival firms.
• C) makes it hard for industry members to compete successfully unless they can strongly differentiate their products.
• D) is conducive to industry members earning attractive profits.
• E) requires that industry members have low costs in order to be competitively successful.

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Definitions:

Religious Fast

A period of abstinence from all or some kinds of food or drink, often observed due to religious reasons.

Strong Inclination

A powerful tendency or preference towards a particular thinking, feeling, or action.

Ramadan

The ninth month of the Islamic calendar, observed by Muslims worldwide as a month of fasting, prayer, reflection, and community.

Spiritual Wellness

A state of being related to one's inner belief system and sense of purpose, contributing to an individual's overall well-being by providing peace, meaning, and balance.