Compared to Tangible Products,services

question 36

Multiple Choice

Compared to tangible products,services:

• A) Less often are customized.
• B) More often are customized.
• C) More often are customized in the industrial market but not in the consumer market.
• D) More often are customized in the consumer market but not in the industrial market.
• E) Have about the same occurrence of customization.

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Definitions:

Concentration Ratio

An indicator used to measure the degree of market concentration, often defined by the market share of the largest firms within an industry.

Cut-Throat Competitor

A company or individual that employs aggressive and ruthless tactics to maintain or increase its market position.

Colluder

An entity that engages in collusion, cooperating with others secretly or illegally to deceive or defraud.

Degree Of Oligopolization

The extent to which a market or industry is dominated by a few large companies, limiting competition.