The State of Competition in an Industry Is a Function

question 16

Multiple Choice

The state of competition in an industry is a function of

• A) competitive pressures associated with rivalry among competing sellers to attract customers.
• B) competitive pressures coming from the attempts of companies in other industries attempting to win buyers over to their substitute products.
• C) competitive pressures associated with the threat of new entrants into the marketplace.
• D) competitive pressures associated with the bargaining power of suppliers and customers.
• E) All of these choices are correct.

---

Definitions:

Combinations

A selection of items from a larger set where the order of selection does not matter.

Interaction Effect

An effect in statistical analysis indicating that the influence of one variable on the dependent variable differs across levels of another variable, demonstrating that the effect is not simply additive.

Parallel Lines

Straight lines in the same plane that do not intersect, regardless of how far they are extended.

Variables

Variables are characteristics or properties that can vary among individuals or over time within a study.