Question

Multimarket competition occurs when firms: Group of answer choices sell different products to the same customer. have a high level of awareness of their competitors' strategic intent. simultaneously enter into an attack strategy. compete against each other in several geographic or product markets.

Answer 1

Answer:

The correct option is D,compete against each other in several geographic or product markets

Explanation:

This would likely be applicable to multinational firms or firms who produce and sell variety of products in the local economy.

Selling different products to the same customer is multi-market oriented as the customer is segmented in a single market.

Having a high level of awareness of their competitors; strategic intent belongs to the planning phase of the multi-market competition not the actual act of competing itself.

For there to be multi-market competition we must rival firms competing in more than one market.

Answer 2

Answer:

Compete against each other in several geographic or product markets

Explanation:

Multi market competition occurs when firms compete against each other in several geographic or product markets because multi market form of market competition involves firms who produce or are engaged in the production of multiple goods and services.

Multinational firms or firms who produce various products either similar or different products engage in this kind of healthy competition in a bid to sell their products to customers in the open market. this kind of competition is very common with firms who produce essentials.