Rivalry in an industry is high when the ________.
A) industry is characterized by differentiation
B) market is in the development stage
C) purchasing power of buyers is low
D) companies compete on price

Question

Quizplus · Accepted Answer

When companies compete on price, it creates a highly competitive environment where profit margins are low, and firms are constantly fighting for market share. This leads to high rivalry in the industry as each company tries to outperform the others to gain a competitive edge.

Rivalry in an Industry Is High When the ________