Definition of Indirect competition:
Competition among the suppliers of different types of products that satisfy the same needs. For example, a pizza shop competes indirectly with a fried chicken shop, but directly with another pizza shop.
How to use Indirect competition in a sentence?
- The girl was unaware that the reason for her lemonade stand business not getting a lot of business today was because of indirect competition from a boy in her neighborhood who started a fruit punch stand.
- A company needs to look at both direct and indirect competition in the area when developing a business plan to open a new location.
- The indirect competition in the region was carefully analyzed and we had learned that a new competitor entered the market.
Meaning of Indirect competition & Indirect competition Definition