Asked by Ryan Makhanlall on May 17, 2024
Verified
The threat from rivalry is _________ when there is intense competition among many firms in an industry and _________ when competition is not as intense.
A) high; high
B) high; low
C) low; high
D) low; low
Rivalry
The competitive relationship between businesses in the same industry, aiming to achieve higher sales, market share, and customer loyalty.
Competition
A scenario where two or more parties strive for a common goal which cannot be shared, such as market share, victory in a sport, or the acquisition of a contract.
Industry
Refers to the production of goods or services within an economy, typically classified into sectors based on their main source of revenue and activity.
- Analyze the impact of industry rivalry on competitive positioning.
Verified Answer
Learning Objectives
- Analyze the impact of industry rivalry on competitive positioning.
Related questions
An Industry with a High Concentration of Buyers and Undifferentiated ...
Which of the Following Factors Is LEAST Likely to Increase ...
In the Automobile Parts Industry,products Are Undifferentiated,so the Industry Is ...
You Are the Marketing Manager of a Company That Sells ...
Grubhub, DoorDash, and Uber Eats Are Three Major Competitors in ...