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

Question

Quizplus · Accepted Answer

The served market refers to the specific group of customers or geographic area that a business focuses on serving. As a business gains more share in its served market, it typically becomes more efficient and able to achieve economies of scale, which results in increased profitability. Therefore, the correct answer is B.

Profitability Increases as a Business Gains Share Relative to Competitors