An imitative business that competes locally with others in the same industry is referred to as _____.
A) incremental competition
B) niche business
C) linear competition
D) parallel competition

Question

Quizplus · Accepted Answer

Parallel competition refers to businesses that offer similar products or services and are located in the same geographic area, competing directly with each other for customers. This is the most accurate description of the given scenario. Incremental competition refers to businesses that offer slightly different variations of products or services, while linear competition and niche business do not accurately describe the situation.

An Imitative Business That Competes Locally with Others in the Same