A generic market
A)related to a consumer's functional need is smaller than a related product-market.
B)might involve competition among skis,roller blades,bicycles,and ice skates.
C)might logically include rubber,cement,a lamp,and a CD player.
D)is usually narrower than the firm's target market.
E)All these answers are correct.

Question

Quizplus · Accepted Answer

A generic market is a market with broadly similar needs-and sellers offering various,often diverse,ways of satisfying those needs.Different product types may compete with each other.

A Generic Market