What does competition contributes to the success of your business

[Stardom22]

In the business language it's said that competition is healthy to the business. This is because the business can enjoy a large market in a specific area of business.

 

[Shavkat]

Becasue it fuels the eagerness to be on top against the competitors. The life is not easy if we do this. We need to be always updating and trying to be more innovative than them.

 

[Bisolami]

In the business language it's said that competition is healthy to the business. This is because the business can enjoy a large market in a specific area of business.

Competition would want to make you do more and more. If there is competition in the business, you will have more ideas of running the business

 

[Springtime]

Having competition means that you have to work harder and smarter in order to survive.

 

[gammarays]

Competition is really important to every business. Without it, there'll be a monopoly. It helps businesses get better because they aim to be in the market.

 

[Imran Noori]

In the business language it's said that competition is healthy to the business. This is because the business can enjoy a large market in a specific area of business.

I think competitions make businesses because without competition there will be no changes and no changes will keep a business like it's past.

 

[gammarays]

I think competitions make businesses because without competition there will be no changes and no changes will keep a business like it's past.

Yes when there's competition, everyone sits up and give standard goods or services so they won't be out of business. A monopoly business is not good at all.

 

[nomad]

For businesses, monopoly and duopoly is the best business model, however, for consumers more competition means better price and better quality.

 

[Magnus2022]

Competition helps to bring out creativity and innovation. Competition help a business owner to be updating and implementing new ideas into the business.

 

[gammarays]

For businesses, monopoly and duopoly is the best business model, however, for consumers more competition means better price and better quality.

Even businesses needs competition. It helps them sit up and not become lazy in invention. Check out sectors with competition, they're the most developed.

 

[nomad]

I don't think any business would seek competition. If you are selling shoes, would you want someone else to set up another shoe shop next to yours?

 

[gammarays]

I don't think any business would seek competition. If you are selling shoes, would you want someone else to set up another shoe shop next to yours?

Hahaha, it's usually done in my country. In major markets, you'll see several lines of shops selling shoes only. You can even find boutiques poles away from each other.

 

[nomad]

Hahaha, it's usually done in my country. In major markets, you'll see several lines of shops selling shoes only. You can even find boutiques poles away from each other.

Yes, that's a common phenomenon almost everywhere.

 

[gammarays]

Yes, that's a common phenomenon almost everywhere.

Here, people are aware of the competition but see it as a regular occurrence. You have to put in efforts to gain new customers and maintain them as well.

 

[Johnson2468]

Competition helps you to work more and think of more strategies to be on top of your competitors which can make you earn more profit

 

[cherry123]

In the business language it's said that competition is healthy to the business. This is because the business can enjoy a large market in a specific area of business.

Competition is always good it will help one to put in the best to be at par with others so it's all good

 

[gammarays]

Competition is always good it will help one to put in the best to be at par with others so it's all good

You're correct. Competition brings out the best in businesses. Without it , most businesses will feel relaxed and become outdated with time.

 

[cherry123]

You're correct. Competition brings out the best in businesses. Without it , most businesses will feel relaxed and become outdated with time.

Exactly your competitors will always would always keep you at the edge of your seat so you must move with their pace

 

[gammarays]

Exactly your competitors will always would always keep you at the edge of your seat so you must move with their pace

Competition is the driving force behind invention. You strive to keep up with trends. Nokia lost out because they felt complacent.

 

[Golden9]

Competition is not toxic all the time. They can even help you out if you are in need, and you can form trade unions to protect your rights.