Q198
In business, __________ generally refers to the fight for market share which serves the same basic customer needs
A.
Competition
AnswerB.
Composition
C.
Rivalry
D.
None of the above
Answer: Option A
Solution
Answer: Option A
Solution:
In business, Competition generally refers to the fight for market share which serves the same basic customer needs. Competition is the rivalry between companies selling similar products and services with the goal of achieving revenue, profit, and market share growth.