________ occurs when competitors offer different products in an attempt to satisfy the same consumers' needs and wants.

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Product competition occurs when different companies offer different products to fulfill the same consumer demand. This type of competition is common in industries with many players, and companies aim to differentiate their products in order to gain an advantage over competitors. Competitive intelligence is the process of gathering information about competitors and the market, brand competition focuses on the competition among brands offering similar products, a monopoly occurs when a single company dominates a market, and a market penetration strategy involves attempting to gain more customers or market share through aggressive marketing or other tactics.

________ Occurs When Competitors Offer Different Products in an Attempt