10 Questions
What does rivalry in VRIO analysis measure?
Competition between existing firms
Which of the following is NOT a factor affecting the intensity of rivals' rivalries?
Low exit barriers
In which type of industry is intense rivalry common according to the text?
Industries with many companies
What happens to rivalry in a slow-growth market according to the text?
It becomes more intense as firms fight for market shares
Which factor is not mentioned as a prominent factor affecting the intensity of firms' rivalries?
High entry barriers
Why is it common for a few firms in industries with numerous competitors to believe they can act without eliciting a response?
They are not aware of their competitors' actions
What impact does a growing market have on rivalry according to the text?
It decreases rivalry as firms focus on expanding customer base
Which factor contributes to making rivalry more difficult for existing firms?
High exit barriers
What happens to profitability when the degree of rivalry is higher according to VRIO analysis?
'Profitability decreases with higher rivalry'
Which of the following is a factor that increases the degree of rivalry in VRIO analysis?
Lack of differentiation
Explore the differences between VRIO Analysis and OCAT, two analytical techniques used for evaluating company resources and organizational capacity. Learn about the dimensions of value, rareness, imitability, organization, and how they are applied in assessing competitive advantage and internal environments.
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