A pencil, a dictating machine, and a word processor might compete in the same
A) target market.
B) generic market.
C) product-market.
D) Any of these could be correct.

Question

Quizplus · Accepted Answer

A generic market includes different products that satisfy similar needs, so a pencil, dictating machine, and word processor could all compete in the same generic market as they all serve the purpose of recording or processing words.

A Pencil, a Dictating Machine, and a Word Processor Might