Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:
Eastman Kodak, in its film business, has been worrying about the growing competition from Fuji — the Japanese film maker. But in reality, Kodak faced a much greater threat from the recent invention of the "filmless camera" sold by Canon and Sony, which takes video still pictures to be shown on a TV receiver. What greater threat is there to a film business than a filmless camera! Which element of the Micro environment is being referred here?
Options:
Supplier
Competitor
Intermediary
Customer
Correct Answer:
Competitor
Explanation:
The business faces competition at one or other times from its competitors. Canon and Sony were competitors of Eastman Kodak as they launched Filmless cameras.