Competition between firms is greater if they both have the same or similar strategies.

Name: Competition between firms is greater if they both have the same or similar strategies.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If two firms have the same or similar strategies, they are likely targeting the same market and customers, which leads to more direct competition. This can lead to price wars or other tactics to differentiate themselves and win market share.

Competition Between Firms Is Greater If They Both Have the Same