Industry incumbents tend to be more reactive than proactive in their responses to the threats posed by new entrants to the industry.

Name: Industry incumbents tend to be more reactive than proactive in their responses to the threats posed by new entrants to the industry.
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Question

Quizplus · Accepted Answer

Industry incumbents often get complacent and comfortable with their position in the market, so they may not proactively respond to the threats posed by new players until they see a significant impact on their market share or profits.

Industry Incumbents Tend to Be More Reactive Than Proactive in Their