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Any formal company action that may cause competition to respond with their strategy or tactics can be better described as aSelect one:a.Non-Competitive Actionb.New Competitive Actionc.Course of Actiond.None of these

Question

Any formal company action that may cause competition to respond with their strategy or tactics can be better described as aSelect one:a.Non-Competitive Actionb.New Competitive Actionc.Course of Actiond.None of these

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Solution

The correct answer is b. New Competitive Action. This term refers to any formal action taken by a company that may cause its competitors to respond or adjust their own strategies or tactics. This could include launching a new product, changing pricing strategies, entering a new market, etc.

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