Industry incumbents can ally with ________ to diversify and co-opt a future potential rival.
A) rivals
B) new entrants
C) suppliers
D) substitutes

Question

Quizplus · Accepted Answer

Industry incumbents can ally with new entrants to diversify and co-opt a future potential rival. By forming a strategic alliance or partnership, incumbents can gain access to new technology, products, or distribution channels, while new entrants can benefit from the incumbents' brand recognition, market knowledge, and financial resources. This can reduce the risk of competition and increase the chances of success for both parties.

Industry Incumbents Can Ally with ________ to Diversify and Co-Opt