QUESTION3 (300 WORDS PLEASE NO MORE ) Entry into a market by a new competitor evokes...

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General Management

QUESTION3 (300 WORDS PLEASE NO MORE ) Entry into a market by anew competitor evokes a reaction. As a result, a competitivedynamic- action and response begins. Before responding to acompetitor, firms must understand the competitive dynamics of thebusiness in order to succeed with a growth opportunity. Suggest andcritically discuss a model that helps managers to meet thisobjective Support your answer with examples.

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These days firms are encountering enormous rivalry in working together The development of another firm prompted a to some degree discomforting feeling ie the new firm will develop as a competitor and the other more established firms should impart their benefits to the new firm They may lose their holding over the market somewhat Yet before responding to the passage of the new firm in the business situation the old firms need to comprehend See Answer

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