Which of the five competitive forces is related to price wars between two gas stations on opposite sides of an intersection?
A) Availability of substitutes
B) Threat of new entrants
C) Bargaining power of suppliers
D) Bargaining power of buyers
E) Rivalry among existing competitors

Question

Quizplus · Accepted Answer

Rivalry among existing competitors is the force related to price wars between two gas stations on opposite sides of an intersection, as it directly involves competition between existing businesses in the same market.

Which of the Five Competitive Forces Is Related to Price