Alternative Firms That Could Provide a Product to Satisfy a Specific

question 235

Multiple Choice

Alternative firms that could provide a product to satisfy a specific market's needs are referred to as

• A) substitute firms.
• B) target markets.
• C) complementary firms.
• D) cross product marketers.
• E) competition.

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Definitions:

Union Shop

A workplace where employees are not required to join the union as a condition of employment, but must do so within a specified period of starting work.

Key Result

A measurable outcome that indicates the success or failure in achieving a set goal or objective.

Primary Activities

The fundamental actions or processes that are directly involved in creating and delivering a product or service to customers.

Value Chain

A model that describes the full range of activities needed to create a product or service, from conception to delivery.