Competitive Dynamics Refers to The

question 86

Multiple Choice

Competitive dynamics refers to the:

• A) circumstances in which competitors are aware of the degree of their mutual interdependence resulting from market commonality and resource similarity.
• B) set of competitive actions and competitive responses the firm takes to build or defend its competitive advantages and to improve its market position.
• C) total set of actions and responses taken by all firms competing within a market.
• D) ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.

---

Definitions:

Scrap

Material that is discarded or left over from the manufacturing process, often repurposed or recycled, but sometimes considered waste.

Variable Production Cost

Costs that vary directly with the level of production output, such as materials and labor required for manufacturing.

Fixed Production Cost

Costs associated with the production process that remain unchanged, regardless of the quantity of output.

Variable Selling Expense

Costs that vary directly with the volume of sales, such as commissions and shipping charges.