Which of the Following Statements Regarding Competitive Threats Is Incorrect

question 6

Multiple Choice

Which of the following statements regarding competitive threats is incorrect?

• A)Matching a price cut will be an ineffective strategy if the competitor simply reestablished the differential by a further price reduction.
• B)A single response is rarely enough to stop price moves by competitors that are struggling to establish a market position.
• C)If a price response is required,the strategist should focus the firm's competitive retaliation on those actions that are most cost-effective for the firm.
• D)All of the above.

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Definitions:

Natural Selection

A process in evolutionary biology where organisms better adapted to their environment tend to survive and reproduce more than those less adapted, leading to evolutionary changes.

Variation Among Organisms

The differences in physical form, physiology, and behavior among individuals within a species, driven by genetic and environmental factors.

Galapagos Islands

An archipelago of volcanic islands in the Pacific Ocean, known for their unique ecosystem which influenced Charles Darwin's theory of natural selection.

Mainland

The principal landmass of a country or continent; as opposed to islands or peninsulas.