The crowding of a foreign market to prevent competitors' advantages is known as ________.
A)oligopolistic reaction
B)concentration strategy
C)liability of foreignness
D)a harvesting strategy

Question

Quizplus · Accepted Answer

Oligopolistic reaction occurs when firms in an oligopoly market, where a few firms dominate, closely follow and react to the competitive moves of each other, including entering a new market to prevent a competitor from gaining a significant advantage.

The Crowding of a Foreign Market to Prevent Competitors' Advantages