Competitors are BEST described as
A) organizations that compete with other organizations for resources.
B) the people or organizations that purchase the firm's products.
C) the people or organizations that supply resources to the firm.
D) environmental units that attempt to control an organization's response to actions.
E) None of these choices

Question

Quizplus · Accepted Answer

Competitors are organizations that compete with other organizations for resources, such as customers, raw materials, and talent. They are rivals in the marketplace, trying to offer better products, services, or prices to win over customers and gain market share. Competitors can be both direct (offering similar products to the same target market) or indirect (offering substitute products to the same need or want). Understanding the strengths and weaknesses of competitors is critical for a firm's strategic planning and decision-making processes.

Competitors Are BEST Described as