Question

You own a high-end restaurant competing for the business of well-heeled diners. Now you're worried, because a gourmet takeout store just opened across the street. The new store will mean increased _____ competition.

Answer 1

Answer: Indirect competition.

Explanation:

The new gourmet store that opened close to my existing business would perform the function of indirect competition, and would actively drag customers with my restaurant business. An indirect competition is a form of business competition in which similar products can be used to meet a need by consumers.

Answer 2

Answer:

Indirect competition.

Explanation:

Indirect competition is the conflict between vendors whose products or services are not the same but that could satisfy the same consumer need.

Like in the question a high-end restaurant competing for the business of well heeled diners and ther comes a gourmet takeout store they arent necessarily doing the same thing but they both can satisfy the same consumer need so this will increase indirect competition