Question $10$

$4$ pts

Using the Porter's Five Forces framework, which of the descriptions below is an accurate assessment of the rivalry between existing$\_$competitors in the subscription$-$based meal kit delivery industry?

Low intensity of rivalry: Highly differentiated products, low growth, strong brand loyalty, expensive for consumers to switch between competitors.

Low intensity of rivalry: High fixed costs, excess production capacity, no substitute products, difficult for competitors to enter the industry.

High intensity of rivalry: Easy for buyers to switch between competitors, low barriers for competitors to enter the industry, many substitutes to the meal$-$kit industry.