A Competitive Response Is a (An)

question 28

Multiple Choice

A competitive response is a (an) :

• A) move taken to counter the effects of an action taken by a competitor.
• B) move taken to initiate a strategic change in an industry.
• C) ineffective action for a firm to pursue.
• D) military concept that does not apply to business.

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and manufacturing overhead.

Markdown

A reduction in the selling price of goods, often used as a strategy to clear inventory or stimulate sales.

Net Margin

A profitability metric calculated as net income divided by revenue, expressed as a percentage, indicating the percentage of revenue that translates into profit.

Full Selling Price

The total cost to the consumer to purchase a product or service, including any taxes, fees, or additional charges.