Explain how rivalry among competitors affects businesses
What will be an ideal response?
The profitability of an industry and its competitive structure is affected by the intensity of rivalry among existing competitors, particularly with respect to how they are competing, and what they compete on. If firms compete mainly on price, rivalry is high and the industry as a whole becomes less profitable because price cutting triggers rounds of retaliation and damaging price wars.
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Dwight, Dane & Associates, a consulting firm with offices in seven countries, is bringing together employees from all locations for a leadership training event. Which consideration is most affected by the international nature of the workforce?
A. management's interest in the topic B. the employees' motivation level C. the need to have training objectives D. cultural differences E. the need to measure training outcomes
The approach to situational leadership that considers various factors simultaneously and uses a decision-tree analysis is ______.
a. path-goal b. Hersey/Blanchard c. Vroom/Jago d. none of these
There are various nonprofit publications dedicated to assisting in consumer education and decision-making. Examples of these public sources of information for an external information search include Consumer Reports, ________, and TV consumer programs.
A. friends and relatives B. advertisements C. point of purchase displays D. sales personnel E. government agencies
The theoretical limit on the number of constraints that can be handled by a linear programming problem is:
A) 2. B) 3. C) 4. D) unlimited.