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Business strategy
Steps to Identify the Indirect Competitors of your Business.
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[QUOTE="btaliat, post: 346948, member: 26390"] A good business owner should be a good observer. And this should make him recognise his potential enemies or competitors in the market arena. There are some steps he needs to take to let him realise and identify its potential competitors. The first is to know through the prices those competitors are selling their goods. If they sell a quite lower than his own or the general market price to attract customers, then he should know they are his competitors. [/QUOTE]
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Steps to Identify the Indirect Competitors of your Business.
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