The three different types of competitors a business will face are direct competitors, indirect competitors, and:
A) future competitors
B) nonstop competitors
C) occasional competitors
D) fragmented competitors
E) irregular competitors

Question

Quizplus · Accepted Answer

The best choice is A) future competitors as this refers to potential new entrants in the market who may not currently be direct or indirect competitors but have the potential to become so in the future. It is important for businesses to be aware of potential future competitors in order to stay competitive and adapt to changes in the market. The other answer choices - B) nonstop competitors, C) occasional competitors, D) fragmented competitors, and E) irregular competitors - do not accurately describe a type of competitor and are therefore incorrect.

The Three Different Types of Competitors a Business Will Face