Economics Questions
Explore questions in the Economics category that you can ask Spark.E!
the most abundant fossil fuel in the world
degree of importance of individual markets to each competitors
firms locate near competitors in order to more easily access suppliers and customers
set of competitive actions and competitive responses the firm takes to build or defend its competitive advantages-to improve its market position
(extent to which competitors recognize the degree of their mutual interdependence, results from market commonality and resource similarity,
concerns the 1. firm's incentive to take action2. to respond to a competitor's attack, relates to perceived gains and losses
occurs when firms compete against each other in several product/geographic markets-will not initiate attack-more aggressive attack when attacked
relates to each firm's resources and flexibility they provide-without availability of resources, firm lacks ___ to attack a competitor to responds to ins action
firms operating in the same market-similar product offering-targeting similar customers
ongoing set of competitive actions and competitive responses-occur among firms as they maneuver for an advantageous market posiiton
if firm perceive that the position will not improve/ market position wont be damaged if it doesnt respond
extent to which the firm's tangible and intangible resources are comparable to a competitor's in terms of both type and amount
no of markets in which firms and competitors jointly involved
when firms produce similar products and compete for the same competitorse.g. global automobile industry
number of markets in which firms compete against each other
a lack of ______ can lead to excessive competition-negative effect on all competitor's performance
affect the extent to which firm understands the consequences of its competitive actions and responses
greatest when firms have highly similar resources (in terms of type and amount)
greater resource imbalance between acting firm and competitors=greater delay in response by firm with a resource disadvntage
refer to all competitive behaviors-total set of actions and responses taken by ALL firms competing within a market