Question

To understand the competitive environment of the small car market, including market commonalities and resource similarities, General Motors should perform a:

a. tactical action.

b. petitive response.

c. strategic action.

d. petitor analysis.

Answer 1

General Motors should perform a: petitor analysis.

d. petitor analysis.

Step-by-step explanation:

To understand the competitive environment of the automobile industries or any such industries which have many competitors in the market, Competitor analysis is performed.

A competitor's analysis is the analysis of all the weaknesses, strength of the competitive companies in the market or the similar businesses in the market. To get a idea of the positive and negative steps that the company can adopt from the competitor company.