According to Michael Porter, there are five determinants of competition. An example of _____ is when competitors seek to expand their share of the market.
A) threat of entry
B) rivalry between existing competitors
C) pressure from substitute products
D) bargaining power of buyers
E) bargaining power of suppliers

Question

Quizplus · Accepted Answer

Rivalry between existing competitors intensifies when companies within the same industry seek to increase their market share, often leading to competitive actions such as price reductions, product improvements, and increased marketing efforts.

According to Michael Porter, There Are Five Determinants of Competition