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:

Direct Ownership

A situation in which an individual or entity holds direct title to assets, such as property or stocks, without any intermediaries.

Political Risk

The potential for losses or other adverse effects on business operations due to political instability or changes in government policies.

Foreign Market

A market outside of a company's home country where it engages in selling its products or services.

Direct Ownership

A form of business ownership where individuals or entities have complete control over their investments or assets without intermediaries.