Question $37(2$ points$)$

High levels of competition $($i$.$e$.,$ rivalry$)$ may be caused by:

products offered by competitors are commodity$-$like

a small number of competitors occupying their own niches

low fixed costs

easy and low$-$cost market exiting opportunities for competitors

Question $38(2$ points$)$

is an asset companies may potentially utilize to attain sustainable competitive advantage in their industries.

Competitor information learned from annual reports

Tacit knowledge

General industry information learned in college

Rationalized logic