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11 May, 17:28

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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  1. 11 May, 19:27
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    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.
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