The intensity of industry competition and an industry’s profit potential are a function of which of the following forces of competition?Question 5Select one:a.Power of stockholdersb.Power or employeesc.Global economic conditionsd.Threats posed by new entrants

The stronger the competitive forces are, the higher will the profit potential for an industry’s firms be.Question 8Answera.Trueb.False

Which of the following competitive forces affect an industry's attractiveness? (Check all that apply.)Multiple select question.Competitive pressures stemming from creating entry barriers in the marketCompetitive pressures associated with being the first entrant in a marketCompetitive pressures stemming from supplier bargaining powerCompetitive pressures associated with the threat of new entrants into the marketCompetitive pressures stemming from buyer bargaining power

Which of the following is not a positive outcome of increased competition for a business?YOUR ANSWERYour AnswerAn increase in revenue and a decrease in costs.Decreased cash flow and difficulties repaying loans.Decreased revenue due to lower prices and quantity sold.Falling profit and reduced profit margins.

part of the industry characteristics of an attractive industry where firms can achieve strategic competitiveness and earn above-average returns?Question 7Answera.Suppliers and buyers with little bargaining powerb.Low entry barriersc.Strong competitive threats from product substitutesd.Moderate to high rivalry

Industries in which firms are enjoying positive profits are likely to ________ in the long-run.Group of answer choicesexpandcontractneither expand nor contract, as firms must earn an economic profit to stay in businessexpand or contract depending on the normal rate of return