Copy - Copy - Class 12: Introduction V3
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Created on October 16, 2024
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Transcript
Glossary of Terms
Identify Global Competitors
Quick Explainer
Introduction
Overview
GLOSSARY OF TERMS
03
Indirect competition
02
direct Competition
01
Competition
Identify Global Competitors
06
Who is Direct Competiton? Businesses that offer similar products or services and compete for the same customer base.
What is Indirect Competition?Businesses that offer different, but substitutable products or services, competing for the same customer spending.
What is Competition?Competition in the market is like a race where businesses vie for the top spot, competing for market share through better products, services, or prices