Question: support answer with examples. Q) Entry into a market by a new competitor evokes a reaction. As a result, a competitive dynamic-action and response begins.

support answer with examples. support answer with examples. Q) Entry into a
Q) Entry into a market by a new competitor evokes a reaction. As a result, a competitive dynamic-action and response begins. Before responding to a competitor, firms must understand the competitive dynamics of the business in order to succeed with a growth opportunity. Suggest and critically discuss a model that helps managers to meet this objective

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