At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Explore thousands of questions and answers from knowledgeable experts in various fields on our Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.
Sagot :
Competitive dynamics is the term for an intense rivalry, involving actions and responses among similar competitors vying for the same customers in a marketplace.
What is fierce competition?
Competitive rivalry is a gauge of how fiercely existing companies compete with one another. Competitive activities like price lowering, higher advertising costs, or investing on service/product innovation and upgrades can reduce profits and foster competition.
When there are few companies selling a good or service, when the market is expanding, and when customers may quickly and affordably switch to a competitor's product, then competition is strong.
Learn more about Competitive dynamics refer
https://brainly.com/question/22434857
#SPJ4
Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.
