Competitive dynamics may be understood as
A) intense rivalry among similar competitors.
B) strong buyer power.
C) a strong threat of substitutes.
D) strong supplier power.

Question

Quizplus · Accepted Answer

Competitive dynamics refer to the actions and reactions among firms competing within the same market or industry. This includes strategies and moves made by companies to outperform their rivals, which is most directly related to intense rivalry among similar competitors. Choices B, C, and D describe other aspects of Porter's Five Forces model, which are important in understanding the competitive environment but do not directly define competitive dynamics.

Competitive Dynamics May Be Understood as