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Intense rivalry involving actions and responses among similar competitors vying for the same customers in a marketplace is known as _____________.
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Intense rivalry involving actions and responses among similar competitors vying for the same customers in a marketplace is known as _____________.

User Killesk
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Answer:

competitive dynamics

Step-by-step explanation:

The term that is being described in this question is known as competitive dynamics. Like mentioned, this is the study of the rivalry between various firms that is made up of their competitive actions/responses, their micro/macro level context, and even their antecedents and consequences. Which all-in-all add up to their effort on acquiring the same customers as their client.

User Murali Ramakrishnan
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