Potential Competitors Include Firms (Both Domestic and Foreign) in the Current

question 52

True/False

Potential competitors include firms (both domestic and foreign) in the current market, those in related markets, current customers, and current suppliers.

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Definitions:

Cash and Carry

A wholesale business model where goods are sold from a warehouse and customers must pay in cash and handle transportation of the goods themselves.

Wholesalers

Businesses that buy goods in bulk from producers to resell them, usually in smaller quantities, to retailers or other entities.

Merchandise

Products or goods that are bought, sold, or traded, often in the context of retail.

Specialty Merchandise

Products that are distinguished by their unique characteristics, typically catering to specific interests or niche markets.