Which of the following is a useful advice for a competing party that wishes to avoid competitive escalation of commitment?
A)Pursue mutual disclosure of intentions between you and your competitor.
B)Make an initial high bid that will discourage the competitor from entering the auction.
C)Do not focus too much on the competitor's needs and interests,but on your own.
D)Know the expected bidding patterns of your competitor in advance.

Question

Quizplus · Accepted Answer

Pursuing mutual disclosure of intentions between you and your competitor can help establish trust and reduce the likelihood of escalating commitment. This open communication can lead to finding mutually beneficial solutions and avoiding unnecessary competition.

Which of the Following Is a Useful Advice for a Competing