Rivalry in embryonic industries is based not so much on price as on educating customers, opening up distribution channels, and perfecting the design of the product.

Question

Quizplus · Accepted Answer

In embryonic industries, companies are often focused on establishing a market and gaining customers rather than price competition. This involves educating potential customers about the new product, finding ways to distribute it efficiently, and refining the design to meet customer needs. Price may still be a factor, but it is not the primary form of rivalry in these early stages.

Rivalry in Embryonic Industries Is Based Not So Much on Price