A company's close competitors are ________.
A) considered "bad" competitors
B) those that least resemble the company's operation
C) those that most resemble the company's operations
D) a negligible threat
E) the sole focus of successful companies

Question

Quizplus · Accepted Answer

Close competitors are those that most resemble the company's operations. These are the companies that are likely to offer similar products or services, target similar customer segments, and operate in the same industry. They pose the greatest threat to the company as they compete for the same customers and resources. It is important for a company to closely monitor and analyze the strategies and actions of its close competitors to stay competitive in the market.

A Company's Close Competitors Are ________