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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