Which of the Following Types of Competition Has Products That

question 17

Multiple Choice

Which of the following types of competition has products that are dissimilar from those of competitors but can fulfill the same need?

• A) brand competition
• B) international competition
• C) the marketing mix
• D) substitute products

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Definitions:

Chain of Command

A hierarchical structure in organizations that establishes authority levels and dictates how instructions are passed from top to bottom.

Departmentalization

The organizational practice of dividing a business into separate departments or units, each focusing on specific tasks or objectives.

Common Supervision

The practice of overseeing and managing employees or departments by a single supervisor or management entity.

More Formalized

Pertains to structures or procedures being more rigorously and precisely specified or organized.