When Is the Rivalry Among Existing Competitors in an Industry

question 77

Multiple Choice

When is the rivalry among existing competitors in an industry likely to be more intense?

• A) When the industry growth rate is high
• B) When firms make strategic commitments to compete in an industry
• C) When firms engage in non-price competition as opposed to price-cutting
• D) When the industry has low exit barriers

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Definitions:

Driving Forces

Driving forces are factors that push in a direction that causes change or influence events.

Change Agents

Individuals or entities that act as catalysts for change within an organization, driving and facilitating change efforts.

Subtle Forms

Indirect or not immediately obvious ways in which something can manifest or be expressed.

Resistance

The act of opposing or striving against something, which can encompass a range of behaviors from passive inertia to active opposition.