The process of anticipating rivals' actions in order to both revise a firm's plan and prepare to deal with rivals' response is called _____.
A) mutual forbearance
B) multimarket competition
C) competitor analysis
D) prisoners' dilemma

Question

The process of anticipating rivals' actions in order to both revise a firm's plan and prepare to deal with rivals' response is called _____.
A) mutual forbearance 
B) multimarket competition 
C) competitor analysis 
D) prisoners' dilemma

Quizplus · Accepted Answer

Competitor analysis involves studying the actions, strengths, and weaknesses of competitors in order to anticipate their moves and prepare an appropriate response. Mutual forbearance refers to competitors avoiding direct confrontation or aggressive actions against each other. Multimarket competition refers to firms competing against each other in multiple markets. The prisoners' dilemma is a scenario in game theory where two individuals choose whether to cooperate or betray each other, with the outcome affecting both players' payoffs.

The Process of Anticipating Rivals' Actions in Order to Both