The Industry Characteristics That Make It Very Difficult for Firms

question 24

Multiple Choice

The industry characteristics that make it very difficult for firms to achieve strategic competitiveness and earn above-average returns includes all of the following EXCEPT:

• A) Low entry barriers
• B) Supplier and buyers with strong bargaining positions
• C) Strong competitive threats from product substitutes
• D) Relatively moderate rivalry

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Definitions:

Real Estate

The market sector involving the buying, selling, and leasing of land, buildings, and property.

House Size

The measurement of a living space in a home, often quantified in square feet or meters, indicating the available living area.

Residual

The discrepancy between actual observations and the values forecasted by a theoretical model.

Family Income

The total monetary income received by all members of a household, contributing to the household's total wealth over a specific period, usually measured annually.