When other people or companies vie for customers or resources with your company, they are called the Competitors.
Who are the competition?
- They are those who compete with you for customers.
- They reduce the market share you have by acquiring their own.
The competition are the reason a company engages in marketing as it would help them get more customers. If a company had no competitors, they would not engage in as much marketing and would charge higher prices.
Find out more on competitors at https://brainly.com/question/24625436.
