Answer:
industry conditions tempt competitors to use price cuts or other competitive weapons to boost unit volume.
Explanation:
Rivalry refers to the competitions that take place among firms in an industry with the aim of capturing greater market share
rivalry is influenced by :
1. barriers to entry :
If barriers to entry is high, there would be few firms competing for customers, so there would less intense rivalry
2. differentiation of goods in the industry :
If goods are differentiated, goods are unique from that of competitors. so there would be less need for intense rivalry
You have an implied contract for the payment of his services if you have a dental emergency and your dentist extracts your very infected tooth without first discussing payment or even mentioning it.
<h3>What is an implied contract?</h3>
An implied contract is a legally-binding duty that arises from the actions, conduct, or circumstances of one or more parties to an agreement. It has the same legal impact as a voluntary agreement established by two or more parties and communicated verbally or in writing, which is known as an explicit contract. The implicit contract, on the other hand, is assumed to exist and doesn't need to be confirmed orally or in writing.
According to the ideas underpinning an implied contract, no one should receive unjust gains at the expense of another, and fair play can be achieved without a written or verbal agreement.
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Answer:
environmental scanning; technological
Explanation:
Green-Living Lawncare Systems, Inc., has enjoyed great profits for 15 years.
When new-product development made it feasible for underground sprinkling systems to be installed at a reasonable price, the business skyrocketed. Recently, through environmental scanning the owner of Green-Living learned about a grass seed that only needs to be watered two times each year. This innovation could have serious consequences on healthy revenues and profits. The owner is analyzing the technological environment in order to remain knowledgeable about new trends that may affect his business.
