Competitive Dynamics Refers to The

question 86

Multiple Choice

Competitive dynamics refers to the:

• A) circumstances in which competitors are aware of the degree of their mutual interdependence resulting from market commonality and resource similarity.
• B) set of competitive actions and competitive responses the firm takes to build or defend its competitive advantages and to improve its market position.
• C) total set of actions and responses taken by all firms competing within a market.
• D) ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.

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Definitions:

Unintended Consequences

Outcomes that are not the ones foreseen and intended by a purposeful action.

Max Weber

A German sociologist, economist, and political scientist known for his work on the development of modern Western society and the concept of the "Protestant Ethic."

Consumerism

The tendency to define ourselves in terms of the goods we purchase.

Rationalization

The process of replacing traditional and emotional thought with reason and practicality, often in the context of industry and bureaucracy.