What makes the marketplace a competitive battlefield is:
A) the race of industry members to build strong defenses against the industry's driving forces.
B) the constant rivalry of firms to strengthen their standing with buyers and win a competitive edge over rivals.
C) the ongoing race among rival sellers to have the highest-quality product.
D) the ongoing efforts of industry members to introduce new and improved products/services at a faster rate than their rivals.
E) the ongoing race among rivals to achieve the fastest rate of growth in revenues and profits.
Correct Answer:
Verified
Q2: The rivalry among competing sellers tends to
Q4: Managers must chart a company's strategic course
Q4: Which of the following is part of
Q5: Which of the following is NOT one
Q6: The competitive pressures on companies within an
Q6: Which of the following factors represents the
Q10: A company's "macro-environment" refers to:
A) the industry
Q11: Rivalry among competing sellers is generally more
Q15: Using the five forces model of competition
Q17: Market maneuvering among industry rivals
A)determines whether the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents