On the Whole, There Are More Competitive Responses To

question 8

Multiple Choice

On the whole, there are more competitive responses to:

• A) strategic actions than to tactical actions.
• B) tactical actions than to strategic actions.
• C) buyer pressures than to supplier pressures.
• D) the demands of the top management team than to industry structural pressures.

---

Definitions:

Economies Grow

The process by which a nation's wealth increases over time, typically measured by the rise in its gross domestic product (GDP).

Microeconomics

The branch of economics that focuses on the actions of individuals and industries, rather than the economy as a whole.

Descriptive Economics

A branch of economics that focuses on describing economic phenomena, without making judgments or recommendations.

Empirical Economics

The branch of economics that focuses on using data and statistical methods to analyze economic theories and test hypotheses.