____ refers to the nature of the competitive relationship between dominant firms in an industry.
A) Power of suppliers
B) Threat of increased regulation
C) Competitive rivalry
D) Power of buyers
E) Threat of new entrants

Question

Quizplus · Accepted Answer

Competitive rivalry refers to the level of competition between dominant firms in an industry, including factors such as pricing strategies, marketing efforts, and product differentiation. It is one of the five forces analyzed in Porter's Five Forces framework, which assesses the overall competitiveness and attractiveness of an industry. The other forces include the threat of new entrants, the power of buyers and suppliers, and the threat of substitute products or services.

____ Refers to the Nature of the Competitive Relationship Between