Question

When assessing which fast-food restaurant to eat a hamburger at, you are essentially assessing the ____________ in the fast-food market.

A substitute markets Correct Answer Incorrect Answer
B target markets Correct Answer Incorrect Answer
C mixed marketing Correct Answer Incorrect Answer
D competition Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Competition refers to the alternative firms that could provide a product to satisfy a specific market's needs.

Practice Next
×
×