Business Policy and Strategy-hospitality
Hey i want write a journal. need APA format and 2-3 paragraph.
title: Discuss the various types of competitive dynamics in an industry. Where does your industry fall?
Answer preview
Industry`s Competitive dynamics play a significant role in its marketing strategies. Competitive dynamics encompasses actions and reactions an industry can undertake in a competitive business environment. In the past, there has been a lot of competition in the market that has triggered a change in the marketing style strategies for organizations to have a market share. Organizations choice of Competitive dynamics depends on the nature of a business and the number of potential competitors to the commonality in products and resources between the two competing firms…
(300 words)