Competition is most intense in understored markets since many retailers are operating in stores too small to carry all the merchandise demanded by customers.

Question

Quizplus · Accepted Answer

Competition is most intense in overstored markets, where there are more stores than necessary for the population, leading to higher competition among retailers for the same customer base. In understored markets, there are fewer retailers, which typically means less competition.

Competition Is Most Intense in Understored Markets Since Many Retailers