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 the above.
E) None of the above.

Question

Quizplus · Accepted Answer

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

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