The state of competition in an industry is a function of
A) the competitive pressures associated with rivalry among competing sellers to attract customers.
B) competitive pressures coming from the attempts of companies in other industries attempting to win buyers over to their substitute products.
C) competitive pressures associated with the threat of new entrants into the marketplace.
D) competitive pressures associated with the bargaining power of suppliers and customers.
E) All of these

Question

Quizplus · Accepted Answer

The state of competition in an industry is a complex dynamic influenced by the competitive pressures arising from the rivalry among current competitors, the threat of new entrants, the bargaining power of suppliers and customers, and the threat of substitute products from companies in other industries. Therefore, all the choices are correct and contribute to the overall level of competition in an industry.

The State of Competition in an Industry Is a Function