If competition in an industry increases, the future growth potential should
A)decrease
B)increase
C)not be affected
D)be negative

Question

Quizplus · Accepted Answer

With increased competition, companies are forced to divide the current market share, which leads to decreased future growth potential. As more companies enter the market, they will have to fight for customers and may struggle to gain traction and achieve significant growth.

If Competition in an Industry Increases, the Future Growth Potential