Asked by Seema AlHiraki on May 16, 2024
Verified
Which of the following factors is LEAST likely to increase a rivalry between existing industry competitors?
A) high exit barriers
B) high industry growth
C) undifferentiated products
D) numerous competitors of equal size
High Exit Barriers
Factors that make it difficult and costly for a company to leave a market or industry.
Undifferentiated Products
Products that are essentially identical in features and quality to those offered by competitors, making differentiation through marketing crucial.
Industry Growth
The increase in production, sales, and the number of companies in a specific sector over time, indicating economic expansion and market potential.
- Acquire knowledge on what drives competitive behavior and rivalries in various industries.
Verified Answer
Learning Objectives
- Acquire knowledge on what drives competitive behavior and rivalries in various industries.
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