Weakened Competitor Welcome! You are encouraged to register with the site and login (for free). When you register, you support the site and your question history is saved.Management: Our position relative to our main competitor, which is located in the country of Patrio, has improved this year. The Patrian government has placed steep tariffs on imported steel, forcing our competitor to buy steel from sources inside the country at a much higher price. We can conclude that their costs have increased greatly this year, to levels much higher than ours, and they will be forced to deplete their cash reserves, leaving them with less cash in reserve than we will to spend on marketing next year. Which of the following conclusions is best supported by these comments about the management about its company and its competitor in Patrio? Prior to this year, the competitor in Patrio had cash reserves no greater than those of the management's company. The management's company and its competitor in Patrio have no other major competitors. The management's company and its competitor in Patrio primarily market steel. Prior to this year, the competitor in Patrio was in a position superior to the management's company. This year, the revenues obtained by the competitor in Patrio declined considerably. Review Answer