All of the Following Are Typically Identified as Forces of Competition

question 44

Multiple Choice

All of the following are typically identified as forces of competition EXCEPT:

• A) Rivalry among firms in the industry
• B) Threat of substitutes
• C) Powerful customers
• D) Powerful suppliers
• E) Threat of governmental regulation

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Definitions:

Animatronic Animals

Robotically engineered animals designed to mimic the appearance and movements of real animals.

Trade Secrets

Confidential business information that provides a competitive edge, such as formulas, practices, or designs.

Proprietary Information

Information that is owned by an individual or a company, kept confidential, and not disclosed to the public to maintain competitive advantage.

Showrooming

The practice of visiting a store to view a product before buying it online at a lower price.