Rivalry among firms refers to all the actions taken by firms in the industry to improve their position and gain advantage over each other.

Question

Quizplus · Accepted Answer

Rivalry among firms indeed encompasses all the actions and strategies companies employ to improve their market position and gain a competitive edge over their rivals, including pricing strategies, product improvements, marketing campaigns, and customer service enhancements.

Rivalry Among Firms Refers to All the Actions Taken by Firms