In an industry-based view, not every firm within an industry competes against each other.

Name: In an industry-based view, not every firm within an industry competes against each other.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In an industry, firms can have different target markets, business models, pricing strategies, and product offerings which may not directly compete with each other. Therefore, not every firm within an industry necessarily competes against each other.

In an Industry-Based View, Not Every Firm Within an Industry