Any change in the status of a competitor will affect the power a business is able to exert in its market and industry.

Question

Quizplus · Accepted Answer

Changes in a competitor's status, such as entering or exiting the market, increasing or decreasing market share, or introducing new products, can have a significant impact on a business's ability to compete and succeed in the same market and industry. Therefore, it is true that any change in the status of a competitor will affect a business's power and position in the market.

Any Change in the Status of a Competitor Will Affect