Which of the Following Statements Is True of Direct Competition

question 103

Multiple Choice

Which of the following statements is true of direct competition?

• A) It is determined by market commonality and resource similarity.
• B) It encourages the production of perfectly imitable resources.
• C) It uses cost leadership to produce a specialized product for limited customers.
• D) It minimizes the effects of industry competition.

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Definitions:

Rigorously Constructed

Created or designed with a meticulous and thorough approach to ensure high quality and reliability.

Anecdotal Information

A record of an individual that generally includes behaviors that are consistent or inconsistent. A type of record and personal document.

Usual Manner

Refers to the typical or customary way in which an activity is performed or an action is carried out.

Behaviors

The observable actions or reactions of individuals, often in response to their environment or stimuli.