Question: b) A competitive analysis is a strategy that involves researching major competitors to gain insight into their products, sales, and marketing tactics. However, competitors may

b) A competitive analysis is a strategy that involves researching major competitors to gain insight into their products, sales, and marketing tactics. However, competitors may be conveniently classified as Direct, Significant and Indirect. Discuss these three (3) types of competitors. Give an example in each classification.

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