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Indirect competitors sell products that are satisfy the same need of the consumers but by a different product offering altogether.
These competitors although operate in a different sector, compete for the same customer base For example, taking the case of entertainment industry, theatres face stiff competition from other providers of entertainment activities such as theme parks, bowling alleys etc.
It is due to the presence of rivals, that the price of products in a particular industry fluctuates.
This is because the customers have a number of options to select the product which offers the best possible value for money.
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There is no need to worry about your essay; our team of expert writers makes sure your essay meets all the writing standards and professor’s instructions.These airlines are in tough competition with each other to offer value for money to attract the maximum number of customers.Customers looking for a budget airline deal, with no frills attached will select the deal which offers them good value for money.For example: Competition should be taken as a means of improving a firm’s business and firm should not lose focus of its objectives of improvement while concentrating on finding tactics to beat the competitors.Business competitors can be termed into two categories: a.Price war is the most noted kind of competition among businesses.However, there are other forms of competition as well.Direct competitors: A business that manufactures or offers a good or a service that is extremely similar to the other business in the same marketplace is called a direct competitor.These two similar businesses operate in the same geographic region as each other and have the capability to reach the same potential customers.Our expert writers are ready to help you with anything, be it content or formatting.We deliver our business paper writing service in a timely manner.