Competitive forces refer to alternative products that can satisfy a specific market's needs.

Name: Competitive forces refer to alternative products that can satisfy a specific market's needs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Competitive forces are external factors that affect a company's ability to sell its product or service in a certain market. This includes alternative products or services that can meet the same customer needs as the company's offerings. Therefore, the statement is true.

Competitive Forces Refer to Alternative Products That Can Satisfy a Specific