Generic competition
A) Is the narrowest view of competition
B) Only considers products that "look" the same as the product or service in question
C) Defines the market as consisting of those products and services fulfilling the same customer need
D) Is the most convenient definition of competition
E) Provides an extremely short term focus

Question

Quizplus · Accepted Answer

Generic competition defines the market more broadly, considering all products and services that fulfill the same customer need, rather than just those that appear similar or are in the same category. This perspective allows for a more comprehensive understanding of competitive forces.

Generic Competition