Question

Rivalry among existing competitors is high when many competitors occupy the same marketplace position.

Options:
A) True
B) False

Answer 1

Rivalry among existing competitors is high when many competitors occupy the same marketplace position.

Step-by-step explanation:

Rivalry among existing competitors is high when many competitors occupy the same marketplace position.

True. When there are many competitors occupying the same marketplace position, they are likely to compete fiercely for customers and market share. This can result in aggressive pricing strategies, increased advertising and marketing efforts, and the constant development of new and innovative products.