Business Studies · Porter's Five Forces
Competitive rivalry within an industry is likely to be highest when:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Market entry costs are high
- 2Products are highly standardized (similar) and exit barriers are high✓
- 3Industry growth is rapid
- 4There are few competitors with highly distinct products
Correct answer
Products are highly standardized (similar) and exit barriers are high
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