Rivalry Among Existing Competitors Is __________ When Competition Is Fierce

question 90

Short Answer

Rivalry among existing competitors is __________ when competition is fierce in a market and low when competitors are more complacent.

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Definitions:

Social Status

The position or rank of a person or group within the social hierarchy, which can be determined by factors such as wealth, occupation, education, or family lineage.

Public Acknowledgment

Recognition or admission of something or someone in a public context.

Colonial Era

A period in history marked by the establishment, exploitation, and expansion of colonies by European powers in other parts of the world, from the late 15th century to the mid-20th century.

Globalization Forces

The various drivers of globalization, including economic, cultural, and technological forces, that lead to increased interconnectedness and interdependence among the world's populations.