Businesses That Compete for the Same Customers in the Same

question 4

Multiple Choice

Businesses that compete for the same customers in the same product class at the same point in time are:

• A) Industry product
• B) Industry brand
• C) Macrocompetition
• D) Microcompetition

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Definitions:

Credentials

Certifications or qualifications that prove a person's identity or qualifications in professional or academic fields.

Occupation

Pertains to an individual's regular activity or profession that they are trained for and perform for pay.

Affirmative Action

Policies or practices within organizations aimed at increasing opportunities for historically marginalized groups by considering those group memberships in decisions.

Historical Injustice

Refers to wrongs done in the past that have long-lasting effects, often leading to calls for reparations or apologies.