The move where a firm withdraws from a low-value market to attract rival firms to divert resources into the low-value markets in order to capture a high-value market refers to:

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Business

Maya Phelps

4 January, 23:49

The move where a firm withdraws from a low-value market to attract rival firms to divert resources into the low-value markets in order to capture a high-value market refers to:

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Willow Frazier · Answer 1

Gambit

Explanation:

Gambit is a move in which a firm seeks to obtain some advantage by sacrificing a a low value piece to attain the high value piece.

Competitive equivalent to a firm withdrawing from a low value market to attract rival firms to divert resources into low value markets so that the original withdrawing firm can capture high value markets.