Rivalry Among Competing Sellers Grows in Intensity When

question 100

Multiple Choice

Rivalry among competing sellers grows in intensity when

• A) rivals' products/services are sold at widely varying prices and there are only 2-4 rivals.
• B) rivals have highly differentiated products and buyer demand is growing rapidly.
• C) there are so many industry rivals that the impact of any one company's actions is spread thinly across all industry members.
• D) the products/services of rivals are strongly differentiated and buyers have high switching costs.
• E) buyer demand is growing slowly and the industry is composed of 6 to 10 competitors that are fairly equal in size and competitive capability.

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Definitions:

Perceptual Process

The sequence of steps that includes receiving, selecting, organizing, interpreting, and responding to sensory information.

Work-Related Situation

Refers to any circumstance, task, or event that occurs in the professional or work setting, impacting the behavior and performance of individuals or groups.

Mobilization Strategies

Methods or plans designed to assemble, organize, and deploy resources or people towards achieving specific goals, especially in social or political contexts.

Capacity-building Strategies

Approaches or methods aimed at developing skills, abilities, and competencies in an individual, organization, or community to increase performance and achieve goals.