What Can Be Said of the Level of Competition When

question 88

Multiple Choice

What can be said of the level of competition when selecting a target market?

• A)The more competitors there are within a segment, the less of a chance there is for price wars.
• B)A market segment is less attractive to marketers if there are only a few competitors for that segment.
• C)The more competitors there are within a segment, the less a company will have to spend to reach out to consumers.
• D)The more intense the competition within a segment, the more attractive it is to marketers.
• E)The more competitors there are, the more a firm will have to invest in promotion to increase market share.

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Definitions:

Trigonometry

A branch of mathematics dealing with the relationships between the angles and sides of triangles, extensively used in engineering, physics, and astronomy.

Breach of Contract

Occurs when one party in a binding agreement fails to fulfill their obligations outlined in the contract, entitling the other party to legal remedies.

Educational Qualifications

Certifications or degrees earned through formal schooling and training, signifying levels of education or specialization.

Delegation of Duties

The act of transferring responsibility for specific tasks or functions from one person to another within an organization or group.