Which of the following is an element of a competitive environment?
A)Innovation and risk taking
B)The degree of interdependence within the industry
C)A consumer's income
D)Consumers' varied demographic characteristics

Question

Which of the following is an element of a competitive environment?
A)​Innovation and risk taking
B)The degree of interdependence within the industry
C)A consumer's income
D)​Consumers' varied demographic characteristics

Quizplus · Accepted Answer

The degree of interdependence within the industry is a key element of a competitive environment. It refers to the extent to which firms in an industry rely on each other in order to be successful.

Answer: D
 Consumers' varied demographic characteristics may also be considered an element of a competitive environment. This includes factors such as age, gender, income, and education level, which can impact consumer preferences and purchasing behavior.

Which of the Following Is an Element of a Competitive