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Competitive dynamics refers to the: a. circumstances in which competitors are aware of the degree of their mutual interdependence resulting from market commonality and resource similarity. b. set of competitive actions and competitive responses the firm takes to build or defend its competitive advantages and to improve its market position. c. ongoing actions and responses among all firms competing within a market for advantageous positions. d. ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.

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Lanuel

Answer:

d. ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.

Explanation:

Competitive dynamics refers to the ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.

This ultimately implies that, competitive dynamics comprises of various competitive actions or activities that a particular company or business firm engages so as to have a competitive advantage over its competitors in the same industry or market. Thus, it avails a business the opportunity to have a better market-share over rival firms.

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