Question

In general, firms are more aware of competitors who have similar resources and who?

1) Are located in the same geographic area
2) Have similar products or services
3) Have a similar target market
4) Have a similar organizational structure

Answer 1

Firms are more aware of competitors who have similar resources, are located in the same geographic area, have similar products or services, and have a similar target market and organizational structure.

Step-by-step explanation:

In general, firms are more aware of competitors who have similar resources and are located in the same geographic area, have similar products or services, have a similar target market, and have a similar organizational structure. This is because firms in the same geographic area often compete for the same customers and resources. Firms with similar products or services target the same customer base and compete for market share. Similarly, firms with a similar target market aim to attract the same customers. Furthermore, firms with a similar organizational structure often face similar challenges and opportunities in the market and need to adopt similar strategies to remain competitive.