A(n)_____ Arises When Two or More Enterprises Encounter Each Other

question 119

Multiple Choice

A(n) _____ arises when two or more enterprises encounter each other in different regional markets,national markets,or industries.

• A)monopoly
• B)oligopoly
• C)cartel
• D)multipoint competition

---

Definitions:

Geographical

Pertaining to the nature and relative arrangement of places and physical features on Earth.

Centralization

the concentration of decision-making authority and power at the top levels of an organization's hierarchy.

Competitive Advantage

An attribute that allows an organization to outperform its competitors, often leading to greater sales, margins, and retention of customers.

Focused Strategy

A business approach that targets a particular market niche or demographic with specialized products or services to gain competitive advantage.