Profitability increases as a business gains share relative to competitors in its ________.
A) higher market
B) direct market
C) secondary market
D) served market
E) valued market

Question

Quizplus · Accepted Answer

The served market refers to the specific market segment or customer group that a business is targeting with its products or services. As a business gains share within this served market, it becomes more dominant and has more pricing power, allowing for increased profitability. The other options (higher market, direct market, secondary market, valued market) are not directly related to the concept of served market and can be ruled out.

Profitability Increases as a Business Gains Share Relative to Competitors