What is rivalry among existing competitors?
A. The suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services).
B. High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market.
C. High when competition is fierce in a market and low when competitors are more complacent.
D. The ability of buyers to affect the price they must pay for an item.
Answer: C
You might also like to view...
Although people of the United States do not use intermediaries, the Japanese do use them
Indicate whether the statement is true or false.
The ________ is a federal statute, enacted in 1930, that prohibits price discrimination
A) Sherman Act B) Clayton Act C) Robinson-Patman Act D) Federal Trade Commission Act
As the number of facilities in a supply chain increases, total facility costs
A) decrease. B) increase. C) increase to a point and then decrease. D) decrease to a point and then increase.
Helga believes there is an opportunity to start up a business that produces sports equipment using greener technologies, thereby keying into two consumer trends. Into which category does this opportunity best fit?
A. economic dislocations B. demographic changes C. lifestyle and taste changes D. government initiatives E. technological discoveries