Which of the following is the best response a company can make to competitive threats?
A) continuous innovation
B) surrender to the competitor
C) exit from the market
D) divestment
E) globalization

Question

Quizplus · Accepted Answer

Continuous innovation allows a company to stay competitive by improving existing products, developing new ones, and creating distinct competitive advantages. Surrendering to a competitor or exiting from the market would result in loss of market share and profits, and divestment may not always be feasible or profitable. Globalization may not directly address competitive threats and could bring its own set of challenges. Therefore, continuous innovation is the best response a company can make to competitive threats.

Which of the Following Is the Best Response a Company