A Basic Difference Between a "Generic Market" and a "Product-Market

question 57

Multiple Choice

A basic difference between a "generic market" and a "product-market" is:

• A) whether or not sellers in the market rely on e-commerce.
• B) how similar the competing sellers' products are.
• C) whether customer needs are similar or different.
• D) whether the market includes only buyers-or both buyers and sellers.
• E) There is NO DIFFERENCE-the terms mean the same thing.

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Definitions:

Vision

A clear and aspirational idea of what one wants to achieve in the future.

Position Power

The authority and influence bestowed upon an individual by virtue of their role or office within an organizational hierarchy.

Force Change

The act of compelling or driving a group, organization, or system to undergo significant transformation or adjustment.

Restraining Forces

Factors or forces that resist or oppose change within an organization, hindering progress or implementation of new ideas.