Thus, Business competitors are entities that have the capability to attract a business’ customers and offer them greater value for money.
For example: Competition exists between Budget Airlines on the basis of price.
Direct competitors offer almost similar type of products in the market with little difference in terms of product quality, features or price. Indirect Competitors: Other form of competition that business faces is called In Direct competition.
These competitors may not offer similar product but operate in the same market and have the capability to attract a business’ customer base by providing them with an alternative.
These other providers are the indirect competitors to the business of theatre owners.
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