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What are competitive dynamics, and how does this explain why strategies evolve in response to the actions of close competitors?
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- W hat strategies should businesses employ to align their sales and marketing teams, ensuring they work together seamlessly to achieve common goals and drive revenue growth?How are internal factors different from external factors in a firms competitive environment?Can competitive strategies be sustained? Why or why not?
- In terms of environmental factors and risks, what type of strategies would provide value to the outcome a company?What is the role of competitive analysis in marketing, and how can companies gain a competitive advantage through effective analysis?Market Structures: Why is it necessary for business firms to have knowledge on the Market Structures? In what ways will this knowledge be of help to business firms? Why is it advantageous to business firms?