What is the lowest level of competition?
A) generic competition
B) budget competition
C) product category
D) product variant

Question

Quizplus · Accepted Answer

Product variant competition refers to the competition between different versions or models of the same product. This is the lowest level of competition as it involves very similar products and often comes down to consumer preference or minor differences in features or price. The other options (generic competition, budget competition, and product category competition) involve broader or more significant differences between products and are therefore higher levels of competition.

What Is the Lowest Level of Competition