Scenario 16-1 Suppose the Following Are the Sales for All of the of the Firms

question 580

Multiple Choice

Scenario 16-1
Suppose the following are the sales for all of the firms in two different industries.
-Refer to Scenario 16-1. Which of the following statements is correct regarding the competitiveness of these two industries?

• A)Industry A and Industry B are equally competitive.
• B)Industry A is more competitive than Industry B.
• C)Industry A is less competitive than Industry B.
• D)The competitiveness of these two industries cannot be determined from the information given.

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Definitions:

Expert Power

The influence and authority one possesses due to their expertise, skills, or knowledge in a specific field.

Behavior

The way in which one acts or conducts oneself, especially towards others.

Referent Power

The influence one has over others based on their admiration, respect, or desire to be similar to the influencer.

Identification

The process of recognizing or establishing the identity of a person or thing, often through specific characteristics or markers.