Even if the effects of a competitor's strategic action on the focal firm are significant (e.g., loss of market share), little response is likely from that firm.

Name: Even if the effects of a competitor's strategic action on the focal firm are significant (e.g., loss of market share), little response is likely from that firm.
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Question

Quizplus · Accepted Answer

A significant impact, such as a loss of market share, typically prompts a firm to respond strategically to mitigate the effects and regain its competitive position.

Even If the Effects of a Competitor's Strategic Action on the Focal