An industry often contains "good" and "bad" competitors.Good competitors ________.
A) break the rules of fair competition
B) value excellent customer service
C) play by the rules of the industry
D) dominate the market
E) share their marketing strategies

Question

Quizplus · Accepted Answer

Good competitors in an industry are those who play by the rules of the industry, maintain high ethical standards, and adhere to fair competition practices. They value excellent customer service and aim to offer high-quality products or services while respecting their competitors. Breaking the rules or dominating the market are not necessarily indicators of a good competitor. Sharing marketing strategies may be beneficial, but it is not a defining characteristic of a good competitor.

An Industry Often Contains "Good" and "Bad" Competitors