Rivalry in an industry is high when the ________.
A)industry is characterized by differentiation
B)market is in the development stage
C)purchasing power of buyers is low
D)companies mainly compete on price

Question

Quizplus · Accepted Answer

When companies mainly compete on price, it indicates that they are trying to win customers by offering the lowest price possible, which may result in lower profit margins. This leads to a high rivalry in the industry as companies may try to undercut each other's prices and engage in price wars, which can impact their bottom line.

Rivalry in an Industry Is High When the ________