What phrase best describes the strategy of adopting the practices of competitors?
| Creative competition |
| Attrition strategy |
| Competitive imitation |
| Destructive competition |
Answer: Option C
Explanation: Competitive imitation strategy is the strategy of adopting the practices of competitors.
What phrase best describes the strategy of adopting the practices of competitors? Creative competition Attrition strategy...
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The threat of competitors swooping in to steal your customers or your share of the market can sometimes seem overwhelming for a small-business owner. Competition is inevitable in the business world. Understanding Strategy: Defensive strategies are management tools that can be used to fend off an attack from a potential competitor. Defending your business strategically is about knowing the market you're best equipped to operate. Other word In contrast to offensive strategies which are aimed to attack your market competition...
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