Competition in business

[abegunrinmicheal]

How to handle competition in business is by being creative, very simple as that, it's you who will sit down and create a creative plan that will out do others in your line of business, also trying what others have not done, set apart and be different in your line of business, Again, take advantage of social media to out do your competitors
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Competition in business enhances growth, without competition one will remain on the same spot, one cant measure success growth in business, it makes one to be focused and up and doing, building trust in customers, providing the best quality of products or services can make one over take its competitors, Also, selling, advertising, promoting, on social media can make one out do your competitors

 

[Pauljonnes1000]

Competition in business is inevitable. When there is no competition the beauty of business won't come out. When there is no competition the only person with the business will not know how to improve on itself. There will be stagnation in the mode of service. So competition brings improvement and flexibility.

 

[Shahzad Ahmad]

This is a good question I think. But if a men think that the business which he want to establish, that is or this type of business established already in market, then he cannot start a business. So, competition in marketing in necessary, you can earn more by hard working, initially Your business is small as compared to big business, but you can increase it and by hard working you can become also big business man.

 

[Ibrahim1]

As for me yes competition will surely happen in a business no matter how good your products are because others believes or think they are better than you or they can do better than the way you handling the business also the way you attend to your customers also matters

 

[Natedini]

Rivalry in business, as for customers or markets

It may be hard to believe, but competition is good. It drives innovation, inspires perseverance and builds team spirit. And that's not all. Many times, the presence of competition increases the market for everyone.

 

[Sanusi]

I think competition in like a factor of motivation that spurs or ginger you to do more, because when there is competition in a place, so you would not like to loose your customer, so you will be thinking of how to improve your business.

 

[WhiteHouse]

The appropriate response is to develop with it. In business, you need to adjust or bite the dust, as it were.

Discover approaches to offer more an incentive over what your rivals offer. Worth comes in numerous structures, for example, quicker help, better quality, serious estimating, more accommodation, offering more administrations/choices, better relationship working with your clients, and so forth The rundown is extremely long…

 

[Koredsman]

Competition is a very gold thing in business, it helps each entrepreneur to look for a better way of promoting their business and attracts customers for example by reducing cost of price, promo etc

 

[Georgeadawara1]

Business worth competition because is normal to compete that's business all about everwhere you go because that's all business all about if there is no come if there is no competition in a business it's not going to be or hard work will not be there,that what keep the business going so hard .

 

[Noor khan]

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?

Yes now a days competition is very high because same quality products as well brands are working in competition. 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.

 

[Ezydan]

Well I believe everyone is unique, creative and have ideas. If you have a very good idea on the business and creativity package your business to attract customer then you can start your small scale business not minding the competition. You will still have you customer base

 

[Joseph Gift]

Well, competition is key in a business,it's a benefit in both sides,the seller and the buyer...the buyer tends to struggle more to satisfy the buyer....it's a two way thing,your struggle is considered and you as the buyer gets maximum satisfaction due to the hard work the seller puts it(effort)

 

[Lawal]

Competition in business is very good it make the product to be cheap and it will be allow the people to enjoy the country more also the competition will make companies to be strong and the people will enjoy the company. The competition may affect some companies

 

[Oluwasayofunmi]

Concerning the question on Competition in business that you asked, competition in business is really good, because it helps people promote working spirit, people work harder and think faster if there is competition in their business, and the business grows

 

[Oluwaseyifunmi]

Concerning the topic we were told to talk about competition in business, to me competition is business is really good because it makes you to try different methods to make your business grow, completion in business also make you put more effort in business

 

[Ezzyoj]

Competition in business is a normal thing. Market is an open place for everyone to come trade, those qualities, high branded, economical products sell and those with low quality products, unpackaged, exuberant products take their products back home without selling. Come to make with something that can consumer needs

 

[Fabulous]

Competition in business is every where on Earth so, that should not be a problem nor even a disturbance to your business all you have to do is, firstly your product quality, improvement in both your pakaging and branding, most especially the rate and price at which your product is been sold.

 

[Kinglegend01]

Personally I think competion is great for a business because it pushes you as a manufacturer or seller to be on your toes and be more initiative and creative as to the type of goods that would really satisfy the needs of your customers. It would also make you the manufacturer to really listen to the needs and demands of the public and genuinely try to solve them too.

 

[Samson19]

Competition is the rivalry between companies selling similar products and services with the goal of achieving revenue, profit, and market share growth. We should fine and solve customers business,find a niche in the market via storytelling and specialization,set competitive pricing.

 

[zahidhussain]

I think compitation of any buisness is its beauty in every time who gave the exam in any fields and workhard will lead to success Similarly compitation in buisness also make you successible.You can work hard and faces all challenges