Answered

Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Explore a wealth of knowledge from professionals across different disciplines on our comprehensive platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

When rival firms compete aggressively by trying to attract competitors' customers, this might be an indication of: a. increasing economies of scale. b. slow industry growth. c. an industry with low exit barriers. d. high switching costs.

Sagot :

Lanuel

Answer:

b. slow industry growth.

Explanation:

Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.

This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.

Generally, when rival business firms compete aggressively by trying to attract competitors' customers, this might be an indication of slow industry growth.

In conclusion, the various companies or business firms are experiencing a low level of sales of their goods and services. As a result, they engage in activities that would attract potential customers and by extension their competitors' customers.

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.