Which of the following statements is true about rivalry?
A)It is an expensive method that treats other companies amicably.
B)It helps increase losses for an organization to a large extent.
C)It is a force that is best avoided in an industry to increase profits.
D)It is an important driving force to increase profitability.

Question

Quizplus · Accepted Answer

Rivalry among firms in an industry often drives innovation, efficiency, and competitiveness, which can lead to increased profitability for those companies that manage to outperform their rivals.

Which of the Following Statements Is True About Rivalry