The Nature and Strength of the Competitive Forces That Prevail

question 22

Multiple Choice

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

• A)pressures associated with rivalry among sellers to attract buyer patronage.
• B)threats 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)pressures stemming from the bargaining power of both suppliers and buyers.
• E)those associated with environmental forces such as climate change or water shortages.

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Definitions:

Flexible Work Options

Employment terms that allow for variability in work hours, locations, or job duties to accommodate the needs of employees.

Job Insecurity

A feeling or perception of uncertainty about the future of one's job, often leading to stress or anxiety.

Scheduling

The process of arranging, controlling, and optimizing work and workloads, often in a time-bound manner.

Nontraditional Occupations

Jobs or professions where individuals from one gender comprise less than 25% of the workforce, challenging traditional gender roles.