Competition refers to

Question

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Competition refers to alternative firms that could provide a product to satisfy a specific market's needs. Identical products that perform identical functions (A) may not necessarily be in competition if they are marketed to different customer segments. Any for-profit organization that may have access to a firm's customers (B) may not necessarily be in direct competition if they do not offer the same product or service. Firms that operate in a given geographic region (C) may not necessarily be in competition if they do not offer the same products or services. Any product or service that vies for a portion of a customer's discretionary income (D) is too broad and includes products or services that are not in direct competition with each other.

Competition Refers to