A. Political factors including the extent to which government intervenes in the economy
B. Economic conditions that include the general economic climate and specific factors such as interest rates, inflation rate, and unemployment rate, as well as conditions in the stock and bond markets that can affect consumer confidence
C. Socio-cultural forces including societal values, attitudes, cultural factors, and lifestyles that impact business
D. Technological factors includes the pace of change and technical developments that have the potential for impacting society
What is the best technique for revealing the market position of industry competitors?
The best technique for revealing the market positions of industry competitors is strategic group mapping.]
When all rivals pursue essentially identical strategies and have similar market positions?
A strategic group: is a cluster of industry members with similar competitive approaches and market positions in the market. An industry contains one strategic group when all sellers: pursue essentially identical strategies and have similar market positions.
What increases rivalry among competing sellers?
These factors can influence the existence and intensity of a competitive rivalry:.
Market saturation. ... .
Slow market growth. ... .
High overhead. ... .
Lack of differentiation. ... .
Low switching costs. ... .
Supply and demand. ... .
Business diversity. ... .
Strategic planning..
Which of the following is particularly pertinent in evaluating whether an industry presents a sufficiently attractive business opportunity?
Evaluating whether an industry's environment presents a company with a sufficiently attractive business opportunity involves: Using value chain analysis to determine the relative cost positions of rival firms and to learn who the industry's low-cost producer is.