Question

Companies that market products with similar features, benefits, and prices to the same customer group are known as _________ competitors.a) genericb) productc) brandd) total budgete) monopolistic

Answer 1

Answer: Brand competitors.

Step-by-step explanation:

Companies competing for consumers of their products in a

market where both companies offer similar products for sales are known as brand competitors.

Brand competitors are business competitors which offer similar products/services to a target market, where each business is trying to gain higher number of consumers for their products than their competitors.