A product form competition may set an industry standard for looking at competition and market shares in a way that does not represent the true underlying competitive dynamics.

Question

Quizplus · Accepted Answer

When a product form competition sets an industry standard, it may focus on specific product features, pricing strategies, or other factors that do not accurately reflect the broader competitive landscape. As a result, market share and other metrics can be skewed and not truly represent the competitive dynamics in the industry.

A Product Form Competition May Set an Industry Standard for Looking