The competitive actions and responses in
Markets are designed to seek large market shares,to gain
Customer loyalty through brand names,and to carefully control the firm's operations in order to consistently provide the same positive experience for customers.
A)standard-cycle
B)fast-cycle
C)slow-cycle
D)intermediate-cycle

Question

Quizplus · Accepted Answer

Standard-cycle markets are characterized by moderate levels of competition where firms seek to gain market share and customer loyalty through consistent operations and brand management.

The Competitive Actions and Responses in