A Competitive Environment Where There Is Strong Rivalry Among Sellers,low

question 20

Multiple Choice

A competitive environment where there is strong rivalry among sellers,low entry barriers,strong competition from substitute products,and considerable bargaining leverage on the part of both suppliers and customers

• A) is competitively unattractive from the standpoint of earning good profits.
• B) offers little ability to build a sustainable competitive advantage.
• C) is highly conducive to achieving strong product differentiation and high brand loyalty.
• D) offers moderate to good prospects for achieving low costs and building a sustainable competitive advantage.
• E) requires that industry members have a strongly differentiated product offering in order to be profitable.

---

Definitions:

Immigration Law

The set of laws, regulations, and procedures that govern who is allowed to enter a country, how long they may stay, and the conditions of their residency or citizenship.

Quota System

A method used by governments to control the number of immigrants allowed into a country, often setting limits based on nationality or ethnicity.

Soviet Union

A former federal socialist state in Eastern Europe and Northern Asia, existing from 1922 to 1991, known for its communist form of government.

Prague, Czechoslovakia

The capital city of the former Czechoslovakia, known for its historic architecture and cultural significance.