Question

Rivalry among competing sellers is generally more intense when Group of answer choices industry conditions tempt competitors to use price cuts or other competitive weapons to boost unit volume. barriers to entry are high and buyer switching costs are high. barriers to entry are moderately high and the pool of likely entry candidates is small. buyer demand is growing rapidly. the industry's driving forces are strong and rivals have strongly differentiated products.

Answer 1

Answer:

industry conditions tempt competitors to use price cuts or other competitive weapons to boost unit volume.

Explanation:

Rivalry refers to the competitions that take place among firms in an industry with the aim of capturing greater market share

rivalry is influenced by :

1. barriers to entry :

If barriers to entry is high, there would be few firms competing for customers, so there would less intense rivalry

2. differentiation of goods in the industry :

If goods are differentiated, goods are unique from that of competitors. so there would be less need for intense rivalry