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Which of the following statements about the market maneuvering for buyer patronage that goes on among rival sellers of a product or service is false?
Which of the following statements about the market maneuvering for buyer patronage that goes on among rival
sellers of a product or service is false?
A market is a competitive battlefield where the winners are usually companies with a large market share of
industry sales and the losers are companies with a small market share.
The ongoing jockeying of rivals leads to some companies gaining or losing momentum in the marketplace
based on the success or failure of their latest competitive efforts and maneuvering in the marketplace.
When one industry competitor makes a new strategic move or boosts its competitive efforts in ways that
yield good results, its rivals typically respond with offensive or defensive countermoves of their own.
The everchanging competitive maneuvering among industry rivals produces a continually evolving
competitive landscape where the market battle ebbs and flows, sometimes takes unpredictable twists and
turns, and produces winners and losers.
Each competing company endeavors to deploy whatever means in its business arsenal it believes will attract
and retain buyers, enhance its competitive strength visavis rivals, and yield good profits.
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