The competitive battles among rival sellers striving for better market positions, higher sales and market shares, and competitive advantage, suggest the rivalry force
A. tends to intensify when strong companies with sizable financial resources, proven competitive capabilities, and respected brand names hurdle entry barriers looking for growth opportunities and launch aggressive, well-funded moves to transform into strong market contenders.
B. is largely unaffected by whether industry conditions tempt rivals to use price cuts or other competitive weapons to boost unit sales.
C. is stronger when firms strive to be low-cost producers than when they use differentiation and focus strategies.
D. is weaker when more firms have weakly differentiated products, buyer demand is growing slowly, and buyers have moderate switching costs.
E. is often weak when rivals have emotional stakes in business or face high exit barriers.
Answer: A
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A well written response to a request for information or action will do what for the writer?
A) Positively influence the reader's perception of the writer and the organization B) Negatively influence the reader's perception of the writer and the organization C) Allow the writer to explain the benefits of working with their firm D) Encourage customer satisfaction E) Reinforce the organizations commitment to excellence
Grove Corporation had sales of $3,000,000, cost of sales of $2,250,000, and average inventory of $500,000. What was Grove's inventory turnover ratio for the period?
A. 23 times B. 1.6 times C. 6 times D. 4.5 times
A manufacturer generally wants to set a standard that:
a. Can be achieved only under the most efficient operating conditions. b. Is high enough to provide motivation and promote efficiency, but is still attainable. c. Makes no allowance for normal waste or spoilage. d. None of these is correct.
The specific services or product features demanded by a market is an output from the marketing
plan for the ________ department. A) finance B) engineering C) operations D) professional services