Even If the Effects of a Competitor's Strategic Action on the Focal

question 68

True/False

Even if the effects of a competitor's strategic action on the focal firm are significant (e.g., loss of market share), little response is likely from that firm.

---

Definitions:

Economic Stability

A state of steady financial conditions characterized by low inflation, steady growth, and low unemployment rates.

Internal Cost

Expenses that are directly attributable to a specific project or activity, including materials, labor, and direct overhead.

Domestic Car

A vehicle manufactured within a country, typically marketed and sold to the residents of that country.

Manufacture

The process of producing goods on a large scale using labor, machines, tools, and chemical or biological processing.