You Have Been Asked to Explain How Rivalry Among Companies

question 111

Essay

You have been asked to explain how rivalry among companies competing in the industry affects the attractiveness of the industry. How would you explain it?

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Definitions:

Welfare

The health, happiness, and fortunes of a person or group, often considered in policy and economic discussions.

Individualism

A social theory emphasizing the moral worth of the individual and the importance of personal independence and self-reliance.

Needs

Basic or psychological requirements for the well-being of an individual.

Autonomy

The degree of freedom and independence an individual or entity has to make choices and decisions without external control.