A group of firms all make writing implements¾pens,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 all producing writing implements is best referred to as an industry, which is defined as a group of companies that produce similar products or services. The other options (substitute, market segment, sector, and supplier) do not accurately describe the group of firms in question.

A Group of Firms All Make Writing Implements¾pens,pencils,and Markers