Competitive rivalry has the most effect on the firm's strategies than the firm's other strategies.
A)business-level
B)corporate-level
C)acquisition
D)international

Question

Quizplus · Accepted Answer

Competitive rivalry is related to the firm's position in the market and its ability to compete with other players. Business-level strategies such as cost leadership or differentiation are directly influenced by the level of competition in the industry. Therefore, the firm's ability to compete effectively is largely affected by the competitive rivalry, and business-level strategies need to be adjusted accordingly. Corporate-level, acquisition, and international strategies may also be impacted by competitive rivalry but to a lesser extent.

Competitive Rivalry Has the Most Effect on the Firm's Strategies