In business,the only method of responding to a threat from a competitor is to reach out to a wider market.

Question

Quizplus · Accepted Answer

While seeking out a wider market might be one effective way to counter a threat from a competitor, one might also focus on a smaller, niche market. A niche market will have fewer customers, but this can be made up for by capturing a large part of that niche through catering to what the niche wants.

In Business,the Only Method of Responding to a Threat from a Competitor