Indirect Competition Occurs When

question 124

Multiple Choice

Indirect competition occurs when

• A)consumers purchase products that they did not intend to buy.
• B)consumers choose between two products that perform the same function.
• C)products are marketed to a new consumer segment.
• D)a company introduces a new product to its product line.
• E)products provide alternate solutions to the same market.

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Definitions:

Observational Data

Information gathered by watching and recording actions or outcomes, without intervening or altering the situation.

External Secondary Data

Information that has been collected previously by someone else and is available outside the organization for research purposes.

Economic Research Service

A U.S. government agency providing economic research and analysis, primarily in agriculture, food, the environment, and rural economies.

U.S. Census Bureau

A leading organization within the U.S. Federal Statistical System tasked with generating statistics about the population and economic conditions of the United States.