Fred has to decide whether to travel to Chicago by train or airplane. Traveling by train would take longer, giving him potentially less time to spend in Chicago. However, traveling by air would be much more expensive. The train as a form of transportation is what type of competitor to air travel?
A) monopolistic
B) product
C) brand
D) generic
E) total-budget

Question

Quizplus · Accepted Answer

The train is a generic competitor to air travel because it is an alternative way of achieving the same goal (traveling to a destination) but through a different mode of transportation.

Fred Has to Decide Whether to Travel to Chicago by Train