Which Of The Following Statements Is True Of Direct Competition? A…
Which of the following statements is true of direct competition? And Explain
a.It minimizes the effects of industry competition
b.It is determined by market commonality and resource similarity.
c.It encourages the production of perfectly imitable resources.
d.It uses cost leadership to produce a specialized product for limited customers.
Answer:
It is determined by market commonality and resource similarity.
Explanation:
A direct competition is a business situation where two different business establishments are engaged in the sales of the same ranges of commodities.
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