Market Concept and Competitive Environment Quiz
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Questions and Answers

What does the concept of MARKET encompass?

  • Regulatory authorities and stakeholders
  • Investors and shareholders
  • Competitors and customers (correct)
  • Suppliers and distributors

Which aspect is the concept of MARKET closely related to?

  • Social dynamics
  • Economic policies
  • Technological advancements
  • Competitive environment (correct)

What distinguishes the concept of MARKET from other business elements?

  • Company size
  • Product pricing strategy
  • Inclusion of competitors and customers (correct)
  • Geographical location

What does the concept of MARKET include?

<p>Companies covering the same needs for the same group of customers, regardless of industry (B)</p> Signup and view all the answers

What does the concept of MARKET represent from the demand side?

<p>Sum of companies covering the same needs for the same group of customers (C)</p> Signup and view all the answers

What does the concept of MARKET closely relate to?

<p>The definition of the competitive environment (D)</p> Signup and view all the answers

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