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:

Expectancy Theory

A motivational theory that explains how individuals decide to behave in ways that they believe will lead them to desired outcomes based on expectations of future events.

Goal Orientation

A mindset that focuses on achieving specific outcomes or benchmarks as a means to promote success or accomplishment.

Proximal Goals

Short-term objectives set to be achieved in the near future that help to achieve a long-term goal.

Distal Goals

Long-term objectives or targets that are often more abstract and distant in the future, requiring a series of proximal (short-term) goals to achieve.