Asked by Natali Hernandez-Chavez on May 12, 2024
Verified
If there are only two competitors, rivalry will be low.
Two Competitors
Entities, especially businesses, engaged in a rivalry in the same industry or sector, striving to achieve goals such as higher sales, market share, or innovation.
Rivalry
Competition or conflict between two or more parties, often for dominance or superiority in a specific area.
- Perceive the essential role that planning and predicting play in establishing a competitive strategy.
Verified Answer
KC
Kayla CochranMay 13, 2024
Final Answer :
False
Explanation :
With only two competitors, rivalry can be very high as each tries to dominate the market, leading to intense competition.
Learning Objectives
- Perceive the essential role that planning and predicting play in establishing a competitive strategy.
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