Firms with a high degree of resource similarity are likely to have similar competitive actions.

Name: Firms with a high degree of resource similarity are likely to have similar competitive actions.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Firms with a high degree of resource similarity are likely to compete more fiercely and be more responsive to each other's competitive actions, leading to similar competitive actions. This is because they are likely to be pursuing similar strategies and targeting similar customers.

Firms with a High Degree of Resource Similarity Are Likely