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4 years ago

What is the difference between direct and indirect competition?

Business

1 answer:

elena55 [62]4 years ago

8 0

Answer:

Direct competitors offer similar producst, Indirect competitors offer substitutes

Explanation:

Direct competition is when a business and its rivals provides similar goods or services and target the same clients. Since direct competitors offer the same products and services, they compete on other aspects such as price, quality, and service. Examples, two bakeries that produce bread and pastries are direct competitors. Gas stations adjacent to each other are direct competitors as they both sell the same products. The same can be said of two companies providing internet services in the same town.

Indirect competition involves competing for the same customers in the same market but with slightly different products. The goods and services offered by indirect competitors are similar or substitutes. Indirect competitors offer solutions to customers with similar needs. A fast-food shop and a restaurant are indirect competition. A customer who needs to eat may choose between having a snack or a meal from only one of two. A bus company and taxi providers are indirect competitors.

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laiz [17]

Answer:

5% approx

Explanation:

Given that

Number of people in the world = 6.25 billion

And the number of people live in North America = 310 million

So, the percentage of the world population lives in North America would be

= (Number of people live in North America ÷ Number of people in the world) × 100

= (310 million ÷ 6.25 billion) × 100

= 5% approx

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3 years ago

The following information relating to a company's overhead costs is available. Col1 = Actual total variable overhead, Actual tot

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Answer:

A) $2,000 favorable

Explanation:

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Budgeted variable overhead = $ 2.50 x 30,000 = $ 75,000

Variable overhead variance = Budgeted variable overhead - Actual total variable overhead

Variable overhead variance = $ 75,000 - $ 73,000 = $ 2,000

Since the actual value is under the budgeted value, the variable overhead variance is $2,000 favorable.

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3 years ago

Assume Digby Corp. is downsizing the size of their workforce by 10% (to the nearest person) next year from various strategic ini

Zanzabum

Answer:

$1799280

Explanation:

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SO TOTAL SEPARATION COST = NEW WORKFORCE X COST PER EMPLOYEE

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3 years ago

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arsen [322]

Answer:

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3 years ago

Match the action to the task it helps accomplish. format text is at the very top or bottom of the page increase or decrease the

Sidana [21]

Answer:

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Explanation:

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4 years ago

Read 2 more answers