Using a market approach, competitors are companies that satisfy the same customer need.

Name: Using a market approach, competitors are companies that satisfy the same customer need.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Competitors in a market approach are companies that offer similar products or services and satisfy the same customer need. They are competing for the same customer base and trying to gain a larger market share. Therefore, option A is correct.

Using a Market Approach, Competitors Are Companies That Satisfy the Same