Question

When does Multimarket competition occur?

a. Sell different products to the same customer
b. Have a high level of awareness of their competitors' strategic intent
c. Simultaneously enter into an attack strategy
d. Compete against each other in several geographic or product markets

Answer 1

Answer:

B

Explanation:

Have a high level of awareness of their competitors' strategic intent

Answer 2

Answer: The correct answer is (b) Have a high level of awareness of their competitors' strategic intent.

Explaination: When businesses encounter their competitors in several markets, they engage in multimarket competition with them by coordinating their marketing tactics in each market.

Multipoint competition

• Multipoint competition describes a scenario in which businesses or a firm compete with one another across several markets as opposed to simply one.
• Businesses may need to modify their strategy in this kind of competition in order to compete successfully in each market. This may entail modifying costs, product lines, or promotional activities.
• As businesses try to set themselves apart from their rivals, multimarket competition can boost market efficiency and creativity.

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https://brainly.in/question/518268

https://brainly.in/question/6832061

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