In addition to the four forces of the Five Forces Model,which of the following influences rivalry among competitors?

Question

Quizplus · Accepted Answer

Lack of differentiation between products can increase rivalry among competitors as customers may perceive all products as being the same and switch between them based on minor differences such as price. This can increase competition and pressure on firms to differentiate their products to stand out in the market. Decreased availability of information of competitors, decreased consumption during an economic lull, and lack of major differences in pricing strategies may affect competition, but they are not directly related to rivalry among competitors.

In Addition to the Four Forces of the Five Forces