Competitive Marketing Strategy Question:
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An industry is defined as which of the following-
Answer:
1. Group of firms developing similar products
2. A group of firms that operate in a specific field of expertise
3. Group of firms that offer products that are close substitutes for each other
4. All of the above
5. None of the above
Answer: Group of firms that offer products that are close substitutes for each other
2. A group of firms that operate in a specific field of expertise
3. Group of firms that offer products that are close substitutes for each other
4. All of the above
5. None of the above
Answer: Group of firms that offer products that are close substitutes for each other
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