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Question
Rivalry tends to be high when
A) there are few firms in an industry and these firms tend to be unequal in size.
B) the industry growth rate is higher.
C) firms are unable to differentiate their products.
D) production capacity can be added in small increments.
Answer
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Related questions
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________ measures of competitive advantage compare a firm's level of return to its cost of capital instead of to the average level of return in the industry.
A) Economic
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A competitive advantage that lasts a very short period of time is known as a ________ competitive advantage.
A) temporary
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The difference between the perceived benefits gained by a customer who purchases a firm's products or services and the full economic costs of these products or services is known as
A) accounting value.
B) comparative value.
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When a firm is able to create more economic value than rival firms it is said to have a(n)
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________ occurs when a firm adopts organizational policies and practices that are consistent with its strategy.
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A) high.
B) low.
C) moderate.
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A) competitive position.
B) competitive advantage.
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