________ occurs when two or more businesses vie for the same resources or customers.
A) Socialism
B) Competition
C) Differentiation
D) Conflict

Question

Quizplus · Accepted Answer

Competition occurs when two or more businesses compete for the same resources or customers. Socialism is a political and economic system where the means of production are owned and controlled by the state, while differentiation refers to a company's effort to distinguish its products or services from those of its competitors. Conflict refers to a serious disagreement or argument between two or more parties.

________ Occurs When Two or More Businesses Vie for the Same