Which of the following would NOT be an example of a competitor?
A) A firm trying to sell similar products to the same group of customers to whom you are trying to sell
B) A firm trying to rent the same building you are trying to rent
C) A firm trying to hire one of your top engineers
D) A firm that has developed a product that substitutes for your product
E) A firm trying to sell its products to your employees

Question

Quizplus · Accepted Answer

Competitors are entities that vie for the same market segment, resources, or objectives as you. Choices A, B, C, and D all describe situations where another firm is either directly competing for the same customers, resources (such as property or human resources), or offering a substitute product, which impacts market share. Choice E, however, describes a firm selling products to your employees, which does not directly compete with your business objectives or market segment, making it not an example of a competitor in the traditional business sense.

Which of the Following Would NOT Be an Example of a Competitor