What term describes a policy in which a firm is prepared to match whatever change in strategy a competitor makes?
A)Response strategy
B)Always cooperate strategy
C)Always aggress strategy
D)Tit-for-tat strategy
E)Trigger strategy

Question

Quizplus · Accepted Answer

The policy described is the tit-for-tat strategy, which involves matching whatever change in strategy a competitor makes. This is a common approach in competitive markets where firms are constantly adjusting their strategies to gain an advantage.

What Term Describes a Policy in Which a Firm Is