Competitive interaction theory suggests that ________.
A) competitive actions will generate reactions
B) competitors and suppliers must learn to cohesively interact
C) competitive actions will always interact with industry conditions
D) competitors must interact with each other to survive

Question

Quizplus · Accepted Answer

Competitive interaction theory suggests that competitive actions will generate reactions. This means that when one company makes a move or takes an action, its competitors will likely respond in some way in order to maintain their own competitive position. This can involve price changes, product innovations, marketing strategies, and other types of adjustments. Understanding this dynamic can help companies make more informed decisions about how to compete effectively in their respective industries.

Competitive Interaction Theory Suggests That ________