What is high when competition is fierce in a market and low when competition is more complacent?
A) Buyer power
B) Supplier power
C) Threat of substitute products or services
D) Rivalry among existing competitors

Question

Quizplus · Accepted Answer

Rivalry among existing competitors is high when competition is fierce in a market as competitors are aggressively trying to take market share from each other. On the other hand, when competition is more complacent, rivalry among existing competitors is low as competitors are not actively trying to gain market share. The other options (A, B, and C) are related to external factors that affect the market, but are not directly influenced by the level of competition among existing competitors.

What Is High When Competition Is Fierce in a Market