A firm's future competitors are its most important ones.

Name: A firm's future competitors are its most important ones.
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Question

Quizplus · Accepted Answer

A firm's most important competitors include both current and potential future competitors, as well as substitutes for its products or services. The importance of competitors can vary over time based on market dynamics, technological advancements, and changes in consumer preferences.

A Firm's Future Competitors Are Its Most Important Ones