Question

Two firms that have similar resources, but do not share markets would not be direct and mutually acknowledged competitors?

1) True
2) False

Answer 1

False. Two firms that have similar resources but do not share markets can still be direct and mutually acknowledged competitors.

Step-by-step explanation:

No, it is false. Two firms that have similar resources but do not share markets can still be direct and mutually acknowledged competitors. The competition between these firms may not be as direct as firms that share markets, but they can still compete for customers and market share in their respective markets.