If one of lasertech's rivals were to decide to divest its industrial laser manufacturing business in response to lasertech's new technology, this would be an example of

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Alivia Joyce

Business

9 December, 13:11

If one of lasertech's rivals were to decide to divest its industrial laser manufacturing business in response to lasertech's new technology, this would be an example of

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Krystal Mitchell · Answer 1

LaserTech's new technology this would be an example of competitive dynamics if one of LaserTech's rivals were to decide to divest its industrial laser manufacturing business.

To add, the series of competitive actions and competitive responses among firms competing within a particular industry is called competitive dynamics. A process that is dynamic and not static is called the strategic management process.