hi!
could someone give me a well known company with direct and indirect competitors ( at least 3) please!!
please help me <3
please someone help mee
McDonald's
Bank of America
The Gap
Of course! One well-known company that has both direct and indirect competitors is Nike.
Direct competitors for Nike include companies that operate in the same industry and offer similar products, such as Adidas and Puma. These companies directly compete with Nike for market share and customers, as they target the same consumer base with their athletic footwear and apparel.
On the other hand, Nike also faces indirect competition from companies that operate in related industries. For example, companies like Under Armour and Lululemon might be considered indirect competitors to Nike because they offer athletic and athleisure wear that can be an alternative choice for consumers looking for sportswear options. While they may not offer the exact same product lines, they still compete with Nike for a share of the consumer's wallet when it comes to sportswear and performance apparel.
To find this information, you can start by identifying a well-known company in any industry. Once you have chosen the company, you can research its main competitors, both direct and indirect, by looking at industry reports, financial news, or market analyses. Additionally, exploring online sources such as company websites, press releases, and competitive analyses can provide valuable information on a company's competitors.