The Vigor of Competition Always Decreases with a Fall In

question 34

Multiple Choice

The vigor of competition always decreases with a fall in:

• A) product differentiation.
• B) barriers to entry.
• C) the level of available information.
• D) the number of competitors.

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Definitions:

Distributors

Intermediaries that buy products from manufacturers or wholesalers and sell them to retailers or directly to consumers.

Commission

A fee paid to an agent or employee for facilitating a sale or transaction.

Demand-oriented

A strategy or approach focused on meeting the needs and desires of consumers to drive product development and marketing efforts.

Expected Customer Tastes

Anticipations or predictions about the preferences and desires of customers in relation to products or services in the future.