Which of the following is a major source for new competitors?
A) Companies already targeting similar customer groups with other products.
B) Companies competing in the same regions with different products.
C) Companies competing in a different product-market.
D) Companies with advanced unrelated technologies.

Question

Quizplus · Accepted Answer

Companies already targeting similar customer groups with other products can easily enter the market with a new product, as they already have an established customer base and distribution channels. They may also have knowledge and expertise in the industry. This makes them a major source for new competitors.

Which of the Following Is a Major Source for New