A Competitive Environment Where There Is Strong Rivalry Among Sellers

question 93

Multiple Choice

A competitive environment where there is strong rivalry among sellers, low entry barriers, strong competition from substitute products, and considerable bargaining leverage on the part of both suppliers and customers

• A)is competitively unattractive from the standpoint of earning good profits.
• B)offers little ability to build a sustainable competitive advantage.
• C)is highly conducive to achieving strong product differentiation and high customer loyalty to the company's brand.
• D)offers moderate to good prospects for making a reasonable profit and building a sustainable competitive advantage.
• E)requires that industry members have a strongly differentiated product offering in order to be profitable.

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Definitions:

Sample Space

The set of all possible outcomes of a random experiment or event in probability and statistics.

Cards

Physical or digital items marked with identifiers, used for various games, information storage, or authentication purposes.

Independent Events

In probability, events that have no influence on each other's occurrence; the occurrence of one does not affect the probability of the other.

Probability

A measure of the likelihood that a particular event will occur, expressed as a number between 0 and 1.