According to the textbook, the three different types of competitors a business will face are ________.
A) potential, direct, and upcoming
B) indirect, fleeting, and future
C) serious, cautious, and future
D) direct, indirect, and future
E) potential, fleeting, and indirect

Question

Quizplus · Accepted Answer

The three types of competitors a business will face are direct competitors (those offering the same product or service), indirect competitors (those offering substitute products or services), and future competitors (those not yet in the market but likely to enter in the future). Therefore, option D (direct, indirect, and future) is the correct answer.

According to the Textbook, the Three Different Types of Competitors