Competition in business

[Sotherefore]

Competition in all business organisation is something that is an avoidable because that a lot of companies that will always like to come and be like you but sometimes with a good advertising strategy and trying as much as possible to deliver the best service is always the best option to overcome them all

 

[Psalmsavatar]

At its simplest level, competition in business is when two or more companies compete for the same thing. Traditionally, that means competing for customers - with the end goal being profit.

 

[MercySmith]

Competition is something you can't escape in the market. The moment you bring your product out in the market, people start getting ideas on how to bring a better version of your product to the market. That is more reason why you need to be at the top of your game.

 

[Sunnytee]

It's normal to have competitors in business because all business or works is overwhelming with people and Even in business doing for instance in a street like this you will have like five people engaging in the same kind of business

 

[Judee201]

The first thing that you should do is to know your tempo. Once you know your niche, you are likely to dominate the area where you are strong. This means that you should be particular in determining the exact services and products that you offer. Think who your target clients are and what your current potentials are. Aside from that, you must be fantastic in everything that you do.

 

[Psalmsavatar]

In a simplified term, competition in business is when two or more companies compete for the same thing. Traditionally, that means competing for customers - with the end goal being profit.

 

[nasiusman95]

One important benefit of competition is a boost to innovation. Competition among companies can spur the invention of new or better products, or more efficient processes. ... Competition also can help businesses identify consumers' needs—and then develop new products or services to meet them

 

[Marissa]

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.

 

[Clara]

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.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.

 

[Prettyjanie]

In businesses, there is always competition. It's very difficult to get be the only one in a business, even when you think you are alone, someone else will engage in the same business. Competition is healthy because it's makes you strive to do more. It keeps you on your toes.

 

[Milz]

Competition in business is very important. When you are not having a competition in your business, you tend to be blinded by that. Competition makes you better in terms of improving on your customer service and quality of a product

 

[Victor001]

Have in mind that business comes with competition is good for business growth, business develops faster in a competitive environment. There is every tendency to maximize profit in a competitive business because it stirs up your fighting spirit and winning spirit.

 

[Presh1503]

Business also have the aim an responsibility to compete among each other in the sense that the businesses that want to co.pete among each other will have a persuasive mind of improving the market sales by giving the customers the satisfaction theby need concerning the goods and services.

 

[Olahab]

To understand your competition, it is most important to begin by examining the marketplace.

First, take a hard look at the things your competitor does.

Does that company have intimate conversations with customers that lead to conversions?

 

[kayode10]

There are two major types of competition in business. This can be either healthy competition or a toxic competition. Healthy competition is good in business as it helps to bring about creativities and innovation in the building of business. Healthy competition in businesses helps to drive the growth of the industry among those who participated in it. healthy competition forced the enterprenuers to put on their thinking cap I think outside of the box to solve problems.

 

[Bookwormlux1]

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?

Some times, you would have to be realistic about things. If the competition is too high that you cannot handle, I think it would be better for you to quit completely and get another reliable niche than to remain and be making losses.

 

[Planet408]

You must not find another niche of business because of the fear of competing with bigger businesses. If you are really passionate about your business, your passion can take you very far despite all the huddles you might encounter on your journey. Just have a good product at a good rate and build good relationship with your customers.

 

[Akinwale701]

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?

The effect of competition on a business enterprise cannot be over emphasized, companies must be ready to comply and integrate itself into the competition that always takes place in the industry this will help them prepare for it and move forward

 

[Asad Ali]

Competition in businesses is very strong today and it's important for you, first of all, to know that you have to know all about this business. You will profit from it by working hard and by handling it with good courtesy and good conduct in your company as clients come to it. Your customers will profit and your company will be stronger.

 

[Shayo]

Competitions shouldn't scare you into quiting, it should ignite a fire or drive in you instead to want to succeed. Even if you quit and face another niche, there would still be rivals there as well so will you keep quiting or face your business.