A Competitive Environment in Which There Is Strong Rivalry Among

question 46

Multiple Choice

A competitive environment in which 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.

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Definitions:

Prognosis

A prediction of the likely course and outcome of a disease or illness.

Medical Model

A framework for understanding illnesses and disorders by identifying them as medical conditions with specific symptoms and treatments.

Thomas Szasz

A Hungarian-American psychiatrist known for his criticisms of psychiatry and the moral and scientific foundations of the concept of mental illness.

Moral Judgement

The process of determining the rightness or wrongness of actions based on ethical principles or social norms.