A company's close competitors are ________.
A) considered "bad" competitors
B) a serious threat and hence, must be destroyed immediately
C) those that most resemble the company's operations
D) typically ignored as they seldom pose any threat
E) the sole focus of successful companies

Question

Quizplus · Accepted Answer

Close competitors are those that operate in the same market or industry and offer similar products or services. These competitors are a serious threat to a company's success as they can easily capture the company's market share and customers. Therefore, it is important for companies to closely monitor the strategies and actions of their close competitors and work to differentiate themselves in the market.

A Company's Close Competitors Are ________