Multiple Choice
Fred has to decide whether to travel to Chicago by train or airplane. Traveling by train would take longer, giving him potentially less time to spend in Chicago. However, traveling by air would be much more expensive. The train as a form of transportation is what type of competitor to air travel?
A) monopolistic
B) product
C) brand
D) generic
E) total-budget
Correct Answer:
Verified
Correct Answer:
Verified
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