Both ________ affect the awareness and motivation of a firm to undertake actions and responses.
A)first-mover advantages and corporate size
B)market commonality and resource similarity
C)management capabilities and competitive analysis
D)speed of management decisions and management actions

Question

Quizplus · Accepted Answer

Market commonality and resource similarity are two key factors that affect the awareness and motivation of a firm to undertake actions and responses. Market commonality refers to the extent to which two or more firms are competing in the same markets, while resource similarity refers to the extent to which a firm's tangible and intangible resources are comparable to those of its competitors. These factors determine the level of rivalry and the potential for competitive responses between firms. By considering market commonality and resource similarity, firms can better understand their competitive environment and make more effective strategic decisions.

Both ________ Affect the Awareness and Motivation of a Firm