Question

Action Shoes is a company that manufactures shoes. It has a lot of competitors in the market. However, it only builds its strength around market segments that the other companies avoid. It can be said that Action Shoes understands the ________ among its competitors.

Answer 1

Answer:

Nature of rivalry

Explanation:

In this context, rivalry represents a situation in which people, businesses, compete with each other for the same thing or market.

Action shoes has a lot of competition in the market, understanding the nature of rivalry implies that they know how to contend with their competitors.

Sometimes this may be called having or knowing your competitive advantage over your competitors.