Competitive rivalry exists ONLY when:
A) two or more firms establish their domains and do not challenge each other over those domains.
B) two or more firms compete against one another in pursuit of an advantageous market position.
C) two or more firms compete against international firms in pursuit of the world's dominant market position.
D) a firm is willing to accept its market position without regard to its competitors' intentions.

Question

Quizplus · Accepted Answer

Competitive rivalry exists when two or more firms are competing against each other in pursuit of an advantageous market position. Option A describes a situation of coexistence rather than competition. Option C is describing international competition, not necessarily rivalry. Option D describes a firm that is not actively competing, so it does not involve rivalry.

Competitive Rivalry Exists ONLY When