Which of the Following Are Responses to Competitive Forces in Markets

question 39

Multiple Choice

Which of the following are responses to competitive forces in markets?

• A) Private regulations
• B) Mandated actions
• C) Voluntary actions
• D) Market actions

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Definitions:

Word-Of-Mouth Advertising

A marketing method through which information about products or services is passed from one person to another through oral communication.

Viral Marketing

A marketing strategy that focuses on spreading information and opinions about a product or service from person to person, especially by leveraging networks and social media.

Expert Ratings

Assessments or evaluations made by individuals with specialized knowledge or expertise in a particular area.

Metacritic

A website that aggregates reviews of media products like games, music, television shows, and movies, providing an overall score.