When the Needs of the Market Are Similar, the Intensity

question 3

True/False

When the needs of the market are similar, the intensity of competition is much greater as many entries in the market are competing for the same customer.

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Definitions:

Stakeholders

Individuals or groups who have an interest in the performance and activities of an organization due to potential impacts on them.

Ethical Decision-Making

Carrying out an assessment and making choices between alternatives while adhering to ethical norms.

Red Cross

An international humanitarian organization that provides emergency assistance, disaster relief, and education within communities affected by natural disasters, conflicts, or health crises.

Conscious Marketing

An approach to marketing that acknowledges and prioritizes the needs and welfare of stakeholders including customers, employees, and the environment.