What is rivalry among existing competitors?
A) The ability of buyers to affect the price they must pay for an item
B) The suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services)
C) High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market
D) High when competition is fierce in a market and low when competitors are more complacent

Question

Quizplus · Accepted Answer

Rivalry among existing competitors is high when competition within a market is fierce, indicating that businesses are aggressively vying for market share, and low when there is less urgency or intensity in these competitive efforts, leading to a more complacent environment among competitors.

What Is Rivalry Among Existing Competitors