Competitive dynamics refers to a series of:
A)competitive actions taken by only one firm in an industry
B)competitive actions taken by the industry leader
C)competitive actions and competitive responses initiated among firms competing within a given industry
D)competitive actions and competitive responses initiated among firms competing within numerous industries

Question

Quizplus · Accepted Answer

Competitive dynamics refer to the actions and responses taken by competing firms within a given industry. It involves a continuous cycle of actions and responses that shape the competitive landscape within an industry. Therefore, option C is the correct answer. Option A is incorrect because competitive dynamics involve more than one firm. Option B is incorrect because it only relates to the actions taken by the industry leader, which is just one of the many firms in the industry. Option D is incorrect because it is too broad and doesn't specifically mention the actions among firms within a particular industry.

Competitive Dynamics Refers to a Series Of