As a form of __________ competition, bicycles can solve the same basic need as automobiles, albeit with a very different product.

A) regular
B) generic
C) brand
D) total budget
E) product

Generic Competition

The competition that occurs when generic products or services compete with branded ones, typically offering similar benefits at lower costs.

Basic Need

Essential requirements for human survival and well-being, such as food, water, shelter, and clothing.

Total Budget

Total Budget refers to the combined allocation of financial resources covering all aspects and departments of an organization within a specific timeframe.