Competition in business

[DareIsrael]

We all know there can be great rivalry in business. Different companies selling the same product or offering same services. As a person starting up a small scale business in which there are big scale business already in the market, what can be told to be able to win customers to my business. Or do you think I should find another niche of business?

 

[Damismiling]

This is normal scenario in the business world, there is no business without competitors, you are not the one to first start that business, your innovation, business strategy and marketing techniques however will make you stand out

 

[Ziki]

Honestly there are some business I would not advice you to start because if you do, the shark in the water will swallow you up. In Nigeria or in West Africa, we know that Dangote group of company runs the cement world. Now imagine starting a cement company and competing with him. He will run you out of the market in no time. Competition is an important factor you must consider in starting a business.

 

[Muhammad hussain]

In this competition, the competition is held in a beautiful secret. No one can do business. If there is no competition in it, then the business will not develop. Every businessman wants to take his business above others in his business.

 

[Ahtsham]

Competition is healthy for businesses – it will force you to innovate, staying ahead of the curve.don’t want to back down, but you aren’t sure how to combat competition. Every company deals with this problem, and what success comes down to here is developing a plan that helps you better serve your customers, accurate branding, and supporting your team.

 

[mubinadaddy]

Any business without a competitor us not worth giving it a trial while because you cannot out your brain at work in working what will work or not. So it's better you go for a competitive business. Then you find away to outsmart your competitors.

 

[Damscooguns73]

Concerning competition in business. Well, there is no business without competition presently because you have people doing that business you planned on doing,I believe your innovations to such business will make you different and standout among others, you business and marketing strategies too would in the startup of the business

 

[Mahnoor]

Competition is the rivalry between companies selling similar products and services with the goal of achieving revenue, profit, and market share growth. Market competition motivates companies to increase sales volume by utilizing the four components of the marketing mix,

 

[Fabulous]

Competition in business is very good and important in every business, it help you understand how important your product or service is, thats why when there is competition in business you see manufacturers changing and improving there quality and quantity in there business.

 

[Husnainali]

Competition is the competition between companies selling similar products and services aimed at increasing revenue, profits, and market share.

 

[Patrik]

giving up on a niche that you have a knowledge about just because of competition isn't the ideal thing you can do currently, if you can't compete, you won't be able to succeed on any business because competition exists everywhere

 

[Nurudeen]

Nobody can shy away from anything called competition in all part of the economy this days. As a business owner you need to build your business in such a way that it wouldn't be affected with any form of strong hole competition in your sector

 

[Muhammad Irfan **]

competition in business
There are two or more companies compete for the same thing. Traditionally, that means competing for customers with the end goal being profit.

 

[Waqas wajid]

In business, the competition is nominal. Every businessman wants his business to be above the other, so he makes a good product.His name is Ho Ho Ho bought his product all and he made maximum profit what he does his business in this way in management minutes is his business go up

 

[Eyiteepraise]

There is actually a topic in economics which is theory of utility which means the satisfaction that consumers get or derive from using a goods and services . If your products gives satisfaction to the society then you will surely and actually win your customers .

 

[Fatima]

Concerning competition in business. Well, there is no business without competition presently because you have people doing that business you planned on doing,I believe your innovations to such business will make you different and standout among others, you business and marketing strategies too would in the startup of the business

Absolutely correct, you can't say I won't go into this business because I have competitors, but you must come up with an idea that will make you do things differently, spice up your quality, good customer relationship and many others

 

[ranaabubakar263]

Nowadays competition in business is very high and if you want to start a business, first of all it is important for you to know that first you need to know everything about this Business. You can benefit from it if you work hard.and if in your business when customers came to you treat it with good manners and good behaviour. It will benefit your business and your business will become more successful.

 

[Mary]

There suppose to be some forms of competition among business enterprises or businesses in the same environment which will give rise to making profit and deriving a large sales from it. Competition among business always give rise to persuasive advertisem not in the sense that customers will want to buy the most satisfactory goods and services

 

[Jimmie150]

I feel when there is competition in business it enables growth to take place because by so doing as a business owner you would be up and doing all the time knowing fully you have rivals that are selling or rendering the same service.

 

[gbadebo9]

Competition is allowed in the business when it get to taken life if each other is good and not advisable. We can competes with each other in order to bring out best from the products we are producing. The competition is allowed to compare the products and to get best we can lay our hand on to buy. It can allowed us to get the best raw materials once they know u are doing best product in town currently.