Keyword Analysis & Research: who is a competitor

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Frequently Asked Questions

What are the advantages of having competitors?

The presence of competitors make the market competitive, driving down the prices and margins on goods and services, as the competitors attempt to gain a larger market share by competing on prices i.e. lowering its prices more than its rival.

How do you identify competitors?

Other tools for finding competitors include surveys, consumer reports and demographic data, which can help identify prominent competitors. Ask your customers which other businesses, products or services they were or are considering. This can help identify competitors you may not have previously known.

What is a competitor in business?

A competitor is a person, business, team, or organization that competes against you or your company. If somebody is trying to beat you in a race, that person is your competitor.

What is a competitor in economics?

A competitor is a rival business whose activities have the potential to reduce another business’s share of the market. A competitor who sells the same or a nearly-identical product or service is a “direct”competitor, such as Pepsi and Coca-Cola.

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