The best way to anticipate possible competitive responses is to identify all current or potential competitors and to put oneself in their own management's shoes by conducting an internal corporate analysis for each of these competitors.

Question

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By identifying current or potential competitors and conducting an internal analysis for each, a company can understand their strengths, weaknesses, strategies, and potential reactions to changes in the market. This allows the company to anticipate and prepare for possible competitive responses.

The Best Way to Anticipate Possible Competitive Responses Is to Identify