Which of the following is an element of a competitive environment?

Question

Quizplus · Accepted Answer

The degree of interdependence within the industry is a key element of a competitive environment, as it determines how much competition exists and how much impact each company's actions will have on the others.

Answer: A, D
 While innovation and risk-taking may impact the competitive environment by creating new products or services, and consumers' varied demographic characteristics may impact the market demand, they are not directly elements of the competitive environment.

Which of the Following Is an Element of a Competitive