Explain What Is Meant by Direct Competition

question 37

Essay

Explain what is meant by direct competition. Identify the factors that determine it, and specify the basic strategic moves involved in such competition. If you were heading a company engaged in direct competition with other firms, explain the circumstances under which you would prefer to engage in direct competition in order to develop a sustained competitive advantage.

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Definitions:

Personal Computer

A personal computer (PC) is a multi-purpose electronic computing device designed for individual use, capable of running a wide range of software applications.

Hand-held Programmer

A portable device used to configure or program the parameters of various types of electronic or industrial equipment.

CPU

The primary part of a computer known as the Central Processing Unit is tasked with carrying out most of the computer's processing tasks.

Volatile Memory

A type of computer memory that requires power to maintain the stored information; it loses its data when the power is turned off.