L8 Competitive Advantage Vocabulary

All businesses compete.

• True

• False

A company that sells a product or service different from yours but fills the same need.

• Competitor

• Direct Competitor

• Indirect Competitor

• Competitive Advantage

A company that has a product with features that make people want it more.

• Competitor

• Differentiator

• Direct Competitor

• Competitive Advantage

If you have a neighborhood grocery store as your business, all businesses are your competitors.

• True

• False

A company that sells a product or service that sets it apart from other products like it

• Competitor

• Differentiator

• Indirect Competitor

• Competitive Advantage

Some businesses will be you competitor others are not.

• True

• False

A company that sells the same product or service.

• Competitor

• Direct Competitor

• Indirect Competitor

• Competitive Advantage