___ occurs when businesses offering competitive products attempt to satisfy the same customers wants and needs

Competitive  marketing strategy

Explanation:

The competitive marketing strategy can be defined as the action plans and strategies used by the companies to get an edge over the competitive companies seeking same kind of customers in the market. They can provide more benefits in terms of low cost, additional products per sale of goods and services to attract the customers this gives an competitive advantage to them.

answercountries with higher real income per capita tend to have higher levels of this index.