A group of firms all make writing implements-pens,pencils,and markers.This group should be referred to as a(n)
A) substitute.
B) market segment.
C) sector.
D) supplier.
E) industry.

Question

Quizplus · Accepted Answer

The group of firms that make writing implements consists of a collection of companies that produce similar products, which is the definition of an industry. Therefore, the correct answer is E) industry.

A Group of Firms All Make Writing Implements-Pens,pencils,and Markers