Low Exit Barriers Intensify Rivalry by Making Firms Reluctant to Abandon

question 12

True/False

Low exit barriers intensify rivalry by making firms reluctant to abandon the industry.

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Definitions:

Adaptation

The process by which individuals adjust to changes in their environment or circumstances to maintain functionality.

Beneficial

Producing good or helpful results or effects; advantageous.

Expression

The process of conveying thoughts, feelings, or emotions through gestures, speech, writing, or artistic creations.

Sequence

A particular order in which related events, movements, or things follow each other.