Identify five factors that tend to intensify competitive rivalry among an industry's member firms.
What will be an ideal response?
Rivalry determinants (shown in Figure 3.7) associated with intensified competitive pressures include: (1) competing sellers regularly launch fresh actions to boost their market standing and business performance, (2) competitors are equal in size and capability, (3) markets are slow growing, (4) abating buyer demand and sellers find themselves with excess capacity and/or inventory, (5) periods where it is less costly for buyers to switch brands, (6) industry conditions that tempt competitors to use price cuts or other competitive weapons to boost unit volume, (7) periods when one or more competitors become dissatisfied with their market position, and (8) periods when strong companies outside the industry acquire weak firms in the industry and launch aggressive, well-funded moves to build market share.
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?In a box plot, data value x is considered an outlier if
A. ?x< Q1 - 1.0(IQR) or x> Q3 + 1.0(IQR). B. ?x< Q2 - 1.0(IQR) or x> Q2 + 1.0(IQR). C. ?x< Q1 - 1.5(IQR) or x> Q3 + 1.5(IQR). D. ?x< Q2 - 1.5(IQR) or x> Q2 + 1.5(IQR).
Assume you are a marketing manager and want to adopt strategic brand management. List the four main steps that you would most likely go through to accomplish this task
What will be an ideal response?
Which of the following does the design of a MUS sample not require the auditor to determine?
a. Risk of incorrect acceptance. b. Inherent risk. c. Ratio of expected misstatement to tolerable misstatement. d. Ratio of tolerable misstatement to the total population value.
Which of the following statements about life insurance policy loans is true?
A) Loans are only permitted for specific reasons listed in the policy. B) They are forgiven if the insured dies before the loans are repaid. C) The policyholder must pay interest on a life insurance policy loan. D) They must be repaid on the basis of a schedule determined at the time of the loan.