In Analyzing the Strength of Competition Among Rival Firms,an Important

question 82

Multiple Choice

In analyzing the strength of competition among rival firms,an important consideration is

• A) the potential for buyers to exercise strong bargaining power.
• B) the diversity of competitors in terms of visions, strategic intents, objectives, strategies, resources and countries of origin.
• C) the number of firms pursuing differentiation strategies versus the number pursuing low-cost leadership strategies and focus strategies.
• D) the extent to which some rivals have more than two competitively valuable competencies or capabilities.
• E) whether the industry is characterized by a strong learning/experience curve and whether the industry is composed of many or few strategic groups.

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Definitions:

Journal Entry

A record in accounting that notes the debit and credit movements across accounts for a particular financial transaction.

Account

A record in bookkeeping that tracks the financial transactions of a specific asset, liability, equity, revenue, or expense.

Accounts Receivable

Represents money owed to a company by its customers for goods or services sold on credit.

Services

Intangible products provided to consumers, which may include consultancy, maintenance, delivery, or repair services.