The Intensity of Competitive Rivalry in a Retail Market Can

question 47

Multiple Choice

The intensity of competitive rivalry in a retail market can be determined by:

• A) counting the number of competitors
• B) noting the relative size of the competitors
• C) examining the market growth rate
• D) learning if competitors have high fixed costs
• E) doing any or all of these

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Definitions:

Contract Failure

A situation where the market fails to provide an efficient outcome, leading to a gap that nonprofits often aim to fill.

Open System

An organizational or systemic concept where continuous interaction with the environment is necessary for sustainability and growth.

Nonprofit Organization

An entity that operates for a purpose other than making a profit, often focusing on philanthropic, educational, or social missions.

Organizational Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business or organization.