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:

Expected Value

The long-run average value of repetitions of the experiment it represents, in probability and statistics.

Random Variable

A quantity whose numerical values emerge from unpredictable phenomena.

Discrete Random Variable

A variable that takes on a finite or countably infinite number of values, each with a quantifiable probability.

Employees

Individuals who work for another person or organization in return for compensation.