New Enroll in RBI Grade B New Batch - Starts on May 21

    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.

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