The presence of significant domestic rivalry will create complacency in home firms and will eventually cause them to become noncompetitive in the world markets.

Question

Quizplus · Accepted Answer

The presence of significant domestic rivalry can actually drive home firms to become more competitive in the world markets. This is because they are forced to constantly innovate and improve their products and services in order to stay ahead of their competitors. This can lead to a more dynamic and innovative industry that is better equipped to compete globally.

The Presence of Significant Domestic Rivalry Will Create Complacency in Home