As switching costs and the industry growth rate decline, competitive rivalry will also decline.

Name: As switching costs and the industry growth rate decline, competitive rivalry will also decline.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

As switching costs and industry growth rate decline, it is likely that more players will enter the market, leading to increased competition and higher competitive rivalry. Therefore, competitive rivalry will not decline in this scenario.

As Switching Costs and the Industry Growth Rate Decline, Competitive