The Nature and Strength of the Competitive Forces That Prevail

question 4

Multiple Choice

The nature and strength of the competitive forces that prevail in an industry is generally a joint product of the

• A) pressures associated with rivalry among sellers to attract buyer patronage.
• B) threat that firms outside the industry will decide to enter the market.
• C) attempts of companies in other industries to win buyers over to their own substitute products.
• D) competitive pressures stemming from the bargaining power of both suppliers and buyers.
• E) All of these.

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Definitions:

Different Forms

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The act of wagering money or something of value on an event with an uncertain outcome, with the primary intent of winning additional money or goods.

Explanatory Theories

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The range of actions and mannerisms made by individuals in conjunction with themselves or their environment.