BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Competitive rivalry is the measurement or intensity of competition between companies in the same field or industry. Some competitive rivalry is often healthy for all businesses involved, as it encourages product and service innovation and discourages unnecessary price increases for customers.

Detailed explanation-2: -What is Competitive Rivalry? Competitive rivalry is a measure of the extent of competition among existing firms. Intense rivalry can limit profits and lead to competitive moves, including price cutting, increased advertising expenditures, or spending on service/product improvements and innovation.

Detailed explanation-3: -Industry competition includes businesses that sell a similar product or service. So if you’re starting an online clothing store, your industry is digital retail and your competitors are other online apparel companies.

Detailed explanation-4: -What’s the difference between “competition” and a “rivalry”? Competition can happen between anyone, known or unknown. A rivalry implies a much more personal element to it.