Competition is most intense when there are ________ direct competitors, industry growth is slow, and the product or service cannot be differentiated.

Question

Quizplus · Accepted Answer

When there are many direct competitors, it means that the market is crowded and the competition is high. Also, when industry growth is slow, it means that there are limited opportunities for growth, which makes the competition even more intense. Lastly, if the product or service cannot be differentiated, it means that there is little to distinguish one competitor from another, leading to price wars and further intensifying the competition.

Competition Is Most Intense When There Are ________ Direct Competitors