How does industry structure affect intensity of competition?
What will be an ideal response?
When the number of firms active in a market is large, there is a good chance that one of the firms may aggressively seek an advantageous position. This could lead to intense competitive activity as the others retaliate. On the other hand, where there are only a few firms in the industry, usually there is little doubt about industry leadership. In this situation, care is taken not to irritate the leader, since a resulting fight could be very costly to all the firms.
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Why is it important to explore the other party's point of view?
A. All of these are important reasons for understanding the other party's point of view. B. It makes the other party more receptive to meeting our needs. C. It further increases the other party's feeling of being listened to. D. It can lead us to designing solutions to meet both sides' needs.
The American Tie Company, a necktie retailer, offers a deep assortment of men's neckties. The American Tie Company is best described as a(n) ________
A) department store B) supermarket C) specialty store D) discount store E) off-price retailer
Avoidance reinforcement can also be called ______.
a. non-repetitive reinforcement b. coercive reinforcement c. negative reinforcement d. positive reinforcement
Which of the following is not true regarding the current ratio?
a. It is a measure for evaluating a business's short-term liquidity and solvency. b. It is computed as current assets less current liabilities. c. It allows comparisons across companies of different sizes. d. A result of 1.98 is more favorable than a result of 1.45.