BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Firm strategy, structure, and rivalry refer to how an airline is organized and competes in the market. A well-organized airline will be more successful than a poorly organized one. Additionally, aggressive competition drives down prices and encourages innovation.

Detailed explanation-2: -Which of the following are examples of “firm strategy, structure, and rivalry” under the Porter “diamond” model? The quality of domestic competitors. The nations stock of knowledge resources. The role of chance.

Detailed explanation-3: -Firm strategy, structure, and rivalry refer to the basic fact that competition leads to businesses finding ways to increase production and to the development of technological innovations.