Answer to Question #112034 in Marketing for Someswari A/P S. T. Rajan

Question

The market competition explores the competitiveness to capture specific segments or target
markets. Besides, the industry competition refers to competitiveness amongst producers of a
specific product that are close substitutes to each other. In that instance, compare and contrast
between levels of competition based on the degree of product substitution and the types of
industry competition.

Answer 1

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