For a Threat to Be Credible It Has to Be

question 33

Multiple Choice

For a threat to be credible it has to be:

• A) made jointly by all the incumbent ?rms.
• B) made by the incumbent with the smallest market share.
• C) an optimal course of action for the ?rm making the threat.
• D) made in a single-period game.

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Definitions:

Established Customer Base

A group of loyal customers a business has successfully developed over time, which forms the core of its regular buyers or clients.

Previous Management

Refers to the former team or individual(s) responsible for overseeing and directing the operations and strategic decisions of an organization.

Image

The general perception that the public or target audience has of a brand, company, or individual.

Business Location

The physical or virtual place where a company is situated or conducts its operations, which can significantly impact its success.