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Define the Nature of Competitive Dynamics and Identify Three Reasons

question 9

Essay

Define the nature of competitive dynamics and identify three reasons why a firm might not respond to another firm's competitive advantage.


Definitions:

Palpitations

A sensation that the heart is racing, pounding, fluttering, or skipping beats, often linked to anxiety, stress, exercise, or certain medical conditions.

Low Self-Esteem

A condition characterized by a lack of confidence and negative views about oneself, impacting mental health and interpersonal relationships.

Situational Low

A temporary decrease in mood or performance, often triggered by specific external situations or stressors.

Chronic Low

A persistent state of deficiency or inadequate level, often relating to health measures such as blood pressure or mood.

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