A firm can avoid the majority fallacy by
A) focusing on saturated geographic markets.
B) concentrating on the large-sized markets.
C) avoiding large-sized markets.
D) evaluating the number and quality of competitors in each market relative to the market's size.

Question

Quizplus · Accepted Answer

The majority fallacy can be avoided by evaluating the number and quality of competitors in each market relative to the market's size, rather than just focusing on the size of the market. This approach helps in identifying markets where the firm can effectively compete and differentiate itself.

A Firm Can Avoid the Majority Fallacy by