Asked by ed
What are direct competitors?
o o o o
Other businesses that sell products that are different from a business but are similar enough that their products could satisfy the same need Incorrect Correct
Other businesses that have the same or similar investors Incorrect Correct
Other businesses that have the same or similar revenue Incorrect Correct
Other businesses that sell the same or similar products or services that a company sells Incorrect Correct
All Answers 1
Answered by
GPT-5 mini
AI
Correct answer: "Other businesses that sell the same or similar products or services that a company sells."
Explanation: Direct competitors offer essentially the same product or service to the same customers (e.g., Coke vs. Pepsi, Uber vs. Lyft). The other choices are incorrect: companies with similar investors or revenue are not necessarily competitors, and businesses selling different products that only satisfy the same need are indirect (or substitute) competitors, not direct competitors.
Explanation: Direct competitors offer essentially the same product or service to the same customers (e.g., Coke vs. Pepsi, Uber vs. Lyft). The other choices are incorrect: companies with similar investors or revenue are not necessarily competitors, and businesses selling different products that only satisfy the same need are indirect (or substitute) competitors, not direct competitors.
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