From a competitive standpoint, _____ means that the strategic actions your company takes can probably be matched by your direct competitors.
A)market commonality
B)resource similarity
C)character of the rivalry
D)competitive inertia
E)competitive autonomy

Question

Quizplus · Accepted Answer

Resource similarity refers to the degree to which rivals possess comparable resources. If rivals have similar resources, they are more likely to be able to match each other's strategic actions. Therefore, option B is the correct answer. Option A, market commonality, refers to the degree to which two firms have overlapping products or services, and it doesn't necessarily guarantee that competitors can match strategic actions. Option C, character of the rivalry, refers to the intensity of competition among firms, and doesn't necessarily relate to the ability to match strategic actions. Option D, competitive inertia, refers to the tendency of established firms to continue with their current strategies despite changes in the competitive landscape, and doesn't relate to the ability to match strategic actions. Option E, competitive autonomy, refers to the degree to which firms can act independently of their competitors, and it isn't related to the ability to match strategic actions.

From a Competitive Standpoint, _____ Means That the Strategic Actions