A firm's choice of competing/cooperating with rivals depends on industry conditions and the nature of competitive assets.

Question

A firm's choice of competing/cooperating with rivals depends on industry conditions and the nature of competitive assets.​

Quizplus · Accepted Answer

A firm's decision to compete or cooperate with its rivals depends on several factors, including industry conditions and the nature of competitive assets, such as technology, brand reputation, and distribution channels. These factors may influence a firm's strategic choices, such as forming strategic alliances or pursuing mergers and acquisitions, to enhance its competitive advantage and market position. Therefore, it is true that a firm's choice of competing/cooperating with rivals depends on industry conditions and the nature of competitive assets.

A Firm's Choice of Competing/cooperating with Rivals Depends on Industry