Question

I am considering buying a new sports car like a ford mustang. another sports car that would not likely compete head-to-head like the audi r8, which is at a significantly higher price point, best represents which type of competition

Answer 1

This is an example of industry competition. Industry competition is a rivalry between companies in the same market who offer similar products or services. These industries compete for potential customer's money and use a variety of means to make sure they are the one a consumer chooses to do business with. They can use advertising to try and attract consumers or offer lower prices, but the most important thing is to provide a good product or service.

Answer 2

Answer: Industry Competition

Explanation: Each business operates among a group of rivals that produce competing products (cars in this case) or services. Not only do these businesses compete with each other within the same industry (automobile industry in this case), there is also industry competition with other industries and competition of an industry with its customers and resellers. Industry competition includes businesses and firms that deal in similar products or services. The number of companies in an industry and their relative sizes influence

an industry’s competitiveness.