A. Competition
B. Composition
C. Rivalry
D. None of the above
✅ The correct answer is option A.
In business, Competition generally refers to the fight for market share which serves the same basic customer needs. Competition is the rivalry between companies selling similar products and services with the goal of achieving revenue, profit, and market share growth.
In business, Competition generally refers to the fight for market share which serves the same basic customer needs. Competition is the rivalry between companies selling similar products and services with the goal of achieving revenue, profit, and market share growth.