Final answer:
Competitive dynamics refers to the total set of actions and responses taken by all firms competing within a market.
Step-by-step explanation:
True
Competitive dynamics does refer to the total set of actions and responses taken by all firms competing within a market. With the forces of globalization and new communications and information technology, the level of competition faced by many firms has increased. This includes increased competition from other regions and countries. The goal of competitive dynamics is for firms to gain a competitive advantage and succeed in the market.