In the Context of Rivalry Among Present Competitors,which of the Following

question 78

Multiple Choice

In the context of rivalry among present competitors,which of the following is true?

• A)Firms are mostly independent of one another.
• B)Profitability increases as rivalry increases.
• C)Rivalry is greater when the rate of investment intensity is low.
• D)Rivalry occurs among firms producing goods that are substitutes for each other.

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Definitions:

Product Innovation

The process of creating new or significantly improved products to meet consumer needs or open new markets.

Relocation

The process of moving employees, their families, or entire departments of a business to a new location.

Technological Changes

Alterations or advancements in technology that impact how activities are performed, potentially leading to increased efficiency, new products, or disruptions in industries.

Social Concerns

Issues related to the well-being and equitable treatment of society at large, including topics like poverty, education, and public health.