One of the most common reasons that a cycle of competitive actions and reactions get started is
A) electronic data interchange.
B) globalization.
C) economic recession.
D) the emergence of new entrants.

Question

Quizplus · Accepted Answer

The emergence of new entrants into a market often triggers a cycle of competitive actions and reactions as existing companies respond to the threat posed by the new competition. This can lead to changes in pricing, product offerings, marketing strategies, and other competitive moves.

One of the Most Common Reasons That a Cycle of Competitive