INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The following are the forces competing within the industry except one:
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Potential new entrants and Substitute Products
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Buyers and Suppliers
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Rivalry among existing firms
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Needs and Wants
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Explanation:
Detailed explanation-1: -The intensity of rivalry among competitors in an industry refers to the extent to which firms within an industry put pressure on one another and limit each other’s profit potential. If rivalry is fierce, then competitors are trying to steal profit and market share from one another.
There is 1 question to complete.