Competition is a process by which two or more parties attempt to gain the custom of third parties by offering them more favorable terms. This approach to competition is consistent with

Competition is a process by which two or more parties attempt to gain the custom of third parties by offering them more favorable terms. This approach to competition is consistent with

Competition is a process by which two or more parties attempt to gain the custom of third parties by offering them more favorable terms. This approach to competition is consistent with



a) Industry (External) View or I/O Perspective
b) Resource (Internal) View or Resource-Based View
c) Porter's Five Forces of Competition Model
d) The Neoclassical Revision.



ANS B


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