For most business enterprises a market is:
A)An abstract concept-from the point of view of competition it is a continuum from a firm's closest competitor towards more distant competitors
B)A sociological concept that is defined mainly by convention and institutions
C)Geographical concept defined by the location of customers and competitors
D)All the above

Question

Quizplus · Accepted Answer

A market encompasses various dimensions including the abstract concept of competition, sociological aspects defined by conventions and institutions, and geographical considerations based on the location of customers and competitors.

For Most Business Enterprises a Market Is