Bonne Chance Cosmetics manufactures and sells a skincare line. It does not currently make or sell lipstick, but it could do so in future. A cosmetics company that makes and sells lipstick could view Bonne Chance as a potential
a. supplier.
B. competitor.
C. distributor.
D. consumer.

b) competitor

Explanation:

A competitor in an industry refers to any industry that sells or have the intention of selling similar product.

Bonne chance cosmetics is a potential competitor to any company that sells lipstick presently because Bonne chance cosmetics might start producing lipstick in the future.

Competition occurs when two or more industries attempt to achieve the same goal which is selling more quantity of a product and maximizing profits.

Competition is healthy for a business to thrive because it enables enterpreneurs strives to sell more and make best market decisions.

Competition is a natural occurrence. It occurs when two or more people have the same goals and objectives.

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