A Competitive Environment in Which There Is Weak to Moderate

question 33

Multiple Choice

A competitive environment in which there is weak to moderate rivalry among sellers,high entry barriers,weak competition from substitute products,and little bargaining leverage on the part of both suppliers and customers

• A)lacks powerful driving forces.
• B)gives each industry competitor the best potential for building sustainable competitive advantage.
• C)makes it hard for industry members to pursue a differentiation strategy.
• D)is conducive to industry members earning attractive profits.
• E)requires that industry members have low costs.

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Definitions:

Variable-interval

In the context of psychology, a schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed.

Reinforcement Principles

Psychological concepts that involve strengthening a behavior by providing a desirable consequence or removing an undesirable one.

Stimulus Generalization

The process by which a conditioned response is triggered by stimuli that are similar but not identical to the original conditioned stimulus.

White Rats

Laboratory rats, often of the albino variety, used in research and experiments.