The Intensity of Rivalry Among Competing Sellers Does Not Depend

question 104

Multiple Choice

The intensity of rivalry among competing sellers does not depend on whether

• A) the industry has more than two strong driving forces and whether the industry has more than 2 strategic groups.
• B) competitors are diverse in terms of visions, strategic intents, objectives, strategies, resources and countries of origin.
• C) strong companies outside the industry have acquired weak firms in the industry and are launching aggressive moves to transform the acquired companies into strong market contenders.
• D) one or two rivals have particularly powerful and successful strategies.
• E) industry conditions tempt industry members to use price cuts or other competitive weapons to boost unit sales.

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Definitions:

Skills

The ability to do something well, typically gained through training or experience.

Knowledge

Information, understanding, and skills acquired through education or experience.

Operations Management

The administration of business practices aimed at ensuring maximum efficiency within a company, focusing on developing and managing processes to produce and distribute products and services.

Transformation Processes

Operations that convert inputs into outputs, thereby adding value to goods or services in a business.