what is the term used to describe business competitors who offer similar products, but satisfy the same…

what is the term used to describe business competitors who offer similar products, but satisfy the same customer need? a experience competitors b indirect competitors c direct competitors d replacement competitors

what is the term used to describe business competitors who offer similar products, but satisfy the same customer need? a experience competitors b indirect competitors c direct competitors d replacement competitors

Answer

Brief Explanations:

Direct competitors offer similar products and satisfy the same customer need. Indirect competitors may satisfy the same need but with different - type products. Experience competitors and replacement competitors are not standard terms for this concept.

Answer:

C. Direct Competitors