When change involves a significant impact on culture and structure within an organization, the change will be resisted but the probability of success will be high

Which of the following is true regarding competitive rivalry?

A) The more competitors an industry has, the higher will be the differentiation among them. B) High differentiation among competitors increases competitive rivalry. C) Excess capacity within an industry can cause competitors to intensify their moves against one another. D) Intense competitive rivalry leads to higher prices and margins. E) Intense competitive rivalry leads to lower marketing and sales expenses for retaining customers.

Discuss the three essential pillars of the theory of mercantilism

What will be an ideal response?