Which of the Following Statements Regarding Competitive Threats Is Incorrect

question 39

Multiple Choice

Which of the following statements regarding competitive threats is incorrect?

• A)Matching a price cut will be an ineffective strategy if the competitor simply reestablished the differential by a further price reduction.
• B)A single response is rarely enough to stop price moves by competitors that are struggling to establish a market position.
• C)If a price response is required, the strategist should focus the firm's competitive retaliation on those actions that are most cost-effective for the firm.
• D)All of the answer choices.

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Definitions:

Anomic

Relating to anomie, a state or condition of individuals or society characterized by a breakdown or absence of social norms and values.

Company Cutbacks

A reduction in company expenses often achieved through layoffs, reduction in operational costs, or scaling back production to manage financial health.

Economic Inequalities

The unequal distribution of wealth, income, and resources among individuals or groups within a society or between countries.

African American Males

Referring to male individuals of African descent living in the United States, encompassing a diverse group with unique cultural and social experiences.