When Is Rivalry Among Existing Competitors High in the Five

question 77

Multiple Choice

When is rivalry among existing competitors high in the Five Forces Model?

• A) When there are a large number of competitors in a market
• B) When there are a small number of competitors in a market
• C) When the competition in a market is fierce
• D) When the competition in a market is more complacent allowing some businesses to excel

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Definitions:

Bargaining Competence

The ability of negotiating parties, particularly labor unions, to effectively negotiate terms and conditions of employment.

Fact-Finding

An investigative process used in labor disputes, where a neutral party gathers and presents information to assist in negotiations or dispute resolution.

Future Disputes

Pertains to conflicts or disagreements that are anticipated to occur at a later date, often considered in contract negotiations or resolution planning.

Bargaining Impasse

A deadlock situation in negotiations where the involved parties are unable to reach an agreement, often leading to a halt in negotiations.