Competitive rivalry would be exemplified by
A) strategic alliances.
B) price wars.
C) mergers.
D) union strikes.
E) All of these choices

Question

Quizplus · Accepted Answer

Competitive rivalry refers to the competitive struggle between the firms in an industry to gain market share, customers and profits. Price wars are a common example of intense competitive rivalry where firms engage in price-cutting to attract customers and gain an advantage over their competitors. Strategic alliances and mergers, on the other hand, are typically used to reduce competitive rivalry by collaborating with or acquiring competitors. Union strikes, while potentially disruptive, do not necessarily impact competitive rivalry as they are directed at employers rather than competitors within an industry. Therefore, the best choice for exemplifying competitive rivalry is B - price wars.

Competitive Rivalry Would Be Exemplified by