Competition in business

[Gallar]

In a business, having competitors is actually necessary, so that we continue to be motivated and innovate.
because if we have competitors, we tend to not want to lose, that's what creates a sense of enthusiasm and wants to continue to innovate, because we don't want to lose.
but the most important thing is that the competition is healthy, and there is no cheating. That's just a cool name.

"Great competition doesn't have to be built on hate. They're built on respect, on respect for excellence." - Mike Krzyzewski

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[Fatunad]

In my opinion with the competition it will have a good impact, the products or services produced will be more attractive, quality, better service and of course cheap prices, most people are afraid So we must learn good business rules and that we can get by often attending training or seminars.

When competence increases, the beneficiaries were the consumers. The consumers get big list and the quality will be kept high to stay on the lead. Keeping the consumers stable without moving to some other store is the real capability of a businessman. This art is the competence in business than just improving the service and the products offered.

It gives the consumers a lot of options where they are comfortable with their services and product as the price won't really just matter but their services as well. I support fair and healthy business competition and see this as a reason for them to be more responsible with their action knowing that the consumers are there to give critics of what they did.

That is why if I am in business, I love to hear feedback from the customers as it places an important role in how we can improve our services and products.

The more the merrier.Right?  

The ones who do create out business will be particularly be that minding about on how to get profits and on how to make themselves more better compared into other competition.
It is really just right that you would really be doing all sorts of things and made up new offering which the public didnt able to experience or known.
Just like the rest been saying that having more options is more better which we can really choose up on whatever things that really suits out our budget.
Competition is common yet you cant really be running a business solely.

[bitgolden]

The main disadvantages of competition in business are related to the fact that competition between individual companies, in fact, does not solve global human problems. 

What is the most important thing in the world?  What is the biggest goal?  This goal can be formulated as follows - to save humanity as a species. 

To do this, it is necessary to implement large technological infrastructure projects.  In practice, such projects are carried out either by the state or by individual passionate individuals, like Elon Musk. 

In any case, this is not related to competition between individual companies.

It’s not always a big risk and something to dream just because you are working towards making the world a better place for humanity. Elon Musk took over Tesla when it was already a profitable business as long as you could have invested into it, in the sense that there were a lot of people willing to buy the cars but there wasn't enough money to build it into what it is today as investment so it took time.

The original creators (some think Elon built it, he did not, he joined later, he is not the founder) could have done a much better job than him if they had money, but they didn't, so Elon just bought them out, invested billions on their work, and made the profits easily.