The Nature and Strength of the Competitive Forces That Prevail

question 73

Multiple Choice

The nature and strength of the competitive forces that prevail in an industry is generally a joint product of the

• A) pressures associated with rivalry among sellers to attract buyer patronage.
• B) threats that firms outside the industry will decide to enter the market.
• C) attempts of companies in other industries to win buyers over to their own substitute products.
• D) pressures stemming from the bargaining power of both suppliers and buyers.
• E) All of these choices are correct.

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Definitions:

Whites-Only Primaries

Electoral processes in certain American states, up until the mid-20th century, that excluded African Americans from voting in primary elections.

Discriminatory Hiring Practices

Employment practices that unfairly single out individuals or groups for different treatment based on biased or prejudiced beliefs against certain characteristics.

Internal Security Act

is a 1950 Act of Congress, also known as the McCarran Act, aimed at protecting the United States against communist activities.

Communist-Front Organizations

Groups or entities that are ostensibly independent but actually controlled by a communist party, often created to advance communist agendas under the guise of other social or political objectives.