Factors that cause the rivalry among competing sellers to be weak include the presence of one or more rivals that are dissatisfied with their current position and market share. slow growth in buyer demand. rapid growth in buyer demand, buyer costs to switch brands are high, and so many industry rivals that any one company's actions have little impact on the businesses of its rivals. low buyer switching costs. standardized or else weakly differentiated products among rival sellers.

answer; rapid growth in buyer demand and high buyer switching cost;

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know