The threat of new competitors or services in a competitive landscape refers to the potential risk posed by new entrants in the market. These new entrants can disrupt the market dynamics, challenge existing players, and potentially erode their market share. They may also introduce innovative products or services, forcing existing companies to adapt or risk becoming obsolete. This threat can influence strategic planning and decision-making processes in businesses.
Evaluate your position in the market and familiarize how you compare against competitors to do more...
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