______ refers to how passively or aggressively the businesses within an industry compete with each other.

A) Threat of substitute products or services
B) Threat of new entrants
C) Degree of rivalry among existing competitors
D) Degree of external competition

Degree of Rivalry

The extent of competition between firms in the same industry, influencing market dynamics and profitability.

Threat of Substitute Products

The potential risk that consumers might replace a company's product with similar goods or services from another provider.

Degree of External Competition

The extent of competition that a business faces from other companies within the same industry or market.