GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Indirect competitor is another important external factor in planning.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Indirect competitors are those that serve the same target market with different products and services or a different target market with similar products and services. In some cases, you can identify indirect competitors by looking at alternative channels of distribution.
Detailed explanation-2: -Both direct and indirect competitors cause businesses to innovate in an effort to develop strategies and gain more market share, so it may be helpful for you to learn more about these two types of competitors.
There is 1 question to complete.