Competitive Intensity in a Declining Industry Is Greatest When

question 81

Multiple Choice

Competitive intensity in a declining industry is greatest when:

• A) the industry is declining slowly instead of rapidly.
• B) the product is easy to differentiate.
• C) exit barriers are high.
• D) entry barriers are high.
• E) technology is stable.

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Definitions:

Break-even Point

The point at which total costs and total revenue are equal, resulting in no net loss or gain for a business.

Gross Profit

The financial difference between the revenue generated from sales and the cost of goods sold, before deducting overheads, salaries, and other expenses.

Lodging And Meals

Expenses related to accommodation and food incurred during travel or business trips.

Break-even Analysis

is a financial calculation to determine the point at which revenue received equals the costs associated with receiving the revenue, indicating no profit or loss.