Which of the following is the final phase of competition?
A) Partnering of companies with the objective of controlling industry standards
B) Companies competing in identifying product concepts
C) Competitors concentrating on market share for end products and profits
D) Firms focusing on building competencies

Question

Quizplus · Accepted Answer

The final phase of competition is when competitors concentrate on market share for end products and profits. This is when companies have established themselves in the market, have built their competencies, and are now focused on capturing a larger share of the market and maximizing profits. The other options are either early phases of competition or strategies that companies may use during any phase of competition.

Which of the Following Is the Final Phase of Competition