When the needs of the market are similar, the intensity of competition is much greater as many entries in the market are competing for the same customer.

Name: When the needs of the market are similar, the intensity of competition is much greater as many entries in the market are competing for the same customer.
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Question

Quizplus · Accepted Answer

When market needs are similar, companies offer similar products or services, leading to a higher intensity of competition as they vie for the same customer base.

When the Needs of the Market Are Similar, the Intensity