A competitive response is a (an):
A) move taken to counter the effects of an action taken by a competitor.
B) move taken to initiate a strategic change in an industry.
C) ineffective action for a firm to pursue.
D) military concept that does not apply to business.

Question

Quizplus · Accepted Answer

A competitive response is a move taken by a firm to counter the effects of an action taken by a competitor. This is a common practice in competitive industries where firms are constantly trying to stay ahead or catch up with their competitors.

A Competitive Response Is a (An)