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Answer:
Generic competition is competition among different products that solve the same purpose while enterprise competition is am orderly established business with limited liability of another person. The main difference between the two is that generic is rivalry among similar businesses while enterprise is the company itself.
Differences between generic and enterprise competition
- Generic competition is regarded as the third level of competition while enterprise competition is not among the level of competition but it does exist
- Generic competition are often longer-term and focuses on substitutable product categories that is it exists between business product while Competitive Enterprise is simply a type of competition that exist been enterprise
For better understanding, lets explain what Differences between generic and enterprise competition
- Generic competition is a type of competition that is outward-oriented and focuse on products. the market that exists here consists of those products and services fulfilling the same customer need
- Competitive Enterprise is simply when an existing or planned business enterprise are involved or engages in any activity and also owns or controls some a useful interest and are involved in any activity that tends to competes or will compete with other enterprise
From the above, we can therefore say that the answer
Differences between generic and enterprise competition
- Generic competition is regarded as the third level of competition while enterprise competition is not among the level of competition but it does exist
- Generic competition are often longer-term and focuses on substitutable product categories that is it exists between business product while Competitive Enterprise is simply a type of competition that exist been enterprise
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