Competitive response refers to the actions and strategies a company takes in reaction to the moves made by its competitors in the market. This can include adjusting pricing, altering product features, launching marketing campaigns, or enhancing customer service to maintain or improve market position. Effective competitive responses aim to counteract a competitor's advantages while reinforcing a company's unique strengths. Ultimately, these responses are crucial for sustaining competitive advantage and market share.
niche partitioning and evolutionary response
Nicholas G. Pattas has written: 'Study of the UK publishing industry and an analysis of its response to the competitive challenge of the Single European Market'
It simply is another way of saying competitive advantage. It is something that your company is doing differently than its competition, which in turn results in a better or more positive customer response. It is the advantage one business has over another that is sustainable and translates into a benefit that is important to target customers.
With
Yes, a company can maintain a sustainable competitive advantage even in a hyper-competitive industry by focusing on unique value propositions, such as superior customer service, innovative products, or strong brand loyalty. Continuous investment in research and development, as well as adapting to market changes, can help the company stay ahead of competitors. Additionally, leveraging technology and operational efficiencies can further enhance its competitive position. Ultimately, the key is to build and nurture relationships with customers and stakeholders while remaining agile in response to industry dynamics.
James L. Smith has written: 'The competitive pricing response in sealed-bid auction markets' -- subject(s): Mathematical models, Letting of contracts, Auctions
All sports are competitive
non-competitive
They Are Very Competitive
24/7 Emergency Services Competitive Pricing and Discounts ( SAVE 15% for NEW INSTALLATIONS, SENIOR CITIZENS, MILITARY PERSONNEL) Quick Mobile Response in Webster and Surrounding Areas
Easy..its Non-Competitive.
its wen u have a competitive exclusion