Competition in business

[Oasisman]

The positive competition will reflect on the reputation of the products so good competitors would still win in the end.

Competition is good for business like you said good product are achieved but not only products, price also goods down or stay reasonable price not like in the monopoly of market, the sole manufacturer choose good price for himself and not caring the pucket of the buyers which is the customers or end users. Competition is the main ingredient in capitalist market system. This kind of market system give opportunity for businesses to exist for better service to the customers.

Competition is good for the customer but not for the businesses, believe me if they could every single company out there would like to destroy their competitors and keep all the market for themselves as in that way their need to be on top of everything will be reduced significantly, and even today monopolies exist, it is just that they have given themselves a more friendly look so we do not think of them as monopolies anymore, and what better example of this than Google or Facebook.

Well, it could also be good to a businessman who have a competitive mindset that quickly develops some marketing strategy. Without competition, business won't improve their customer support, customer, shopping, and service experience. So, in that case, market competition brings more benefits to the customers  that the business establishments.
But then again, only the strong and competitive businessmen will survive.

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[FanEagle]

One thing that wasn't calculated when considering "competition is healthy" was the fact that not everyone would have the chance to purchase the same services or items. For example, at certain point companies started to stop manufacturing the best they could for as cheap as possible, and they started to create products that was the best but expensive for the rich people, and alternative cheap versions for the poor people. Same goes for service, you want to get a website made? There is a guy who can do it for 50 bucks, and another one who can for 50k dollars, not same results, and 50k can't be afforded by most, so we are stuck with bad results.

Financial capability is always a concern here, that's why there's a small business that are actually competing with the top brands by offering a cheaper alternatives and that's where the mass public are, many left with no choice but to deal with the cheaper option even if the quality is not that good. Every business have their own target market, many can stay within the competition while others can't, this is how business works and not everyone will always win.

Quality dropping, just because we could buy it cheaper means that the world is going back to a place where the rich are living life, and the poor are not living, they are surviving. There is a huge difference between surviving and living, if you are just surviving then it is not really a life worth living, I am for example surviving, not living because when I see the real rich people and how they live, that makes me question all the things I do everyday.

Competition should go back to providing as best as you can, for as cheap as you can, and not how it is right now. I can understand places like rolex, they don't have 25k watch but also a 50$ watch, they are just expensive, that’s fine, but places that offer both cheap and expensive are causing trouble.

[KingsDen]

As a human you shouldn't be afraid of competition, there is competition in every aspect of our life even by nature we compete to survive, will complete the live.
As a business owner if you want to be in an environment without competition you would definitely not grow.
Competition pushes one to be creative and innovative.
It also makes one to take extra steps to achieve success which on norms, they wouldn't have happened.

There is ethical and unethical competitions, the former is favourable to both business owners and consumers, unlike the layer.

Competition is good - if the competition is strong it keeps you activities.
A strong competition gives you a lot of ways to be active  - that is nothing to be jealous of but to excel and work to the fullest

Competition actually gives you room for improvement so once any competition is noticed you re-strategies and re-brand look at the case of Nokia and blackberry after some time new phone companies have taken there position that is business for you if you don’t work on new strategies then you business is at risk you need to improve, look at Apple the name is already their and they are always improving there product with nice designs and futures that makes everyone wanting to buy their products that is what a business needs, the fact is that the competitors will continue to be there that is just the truth.

The Apple example is a great example you gave. Apple is consistent in producing good gadgets because they want to remain the best company in producing the most prestigious gadgets.
It is because of competition that they keep designing and redesigning and introducing more functionality into their software. The said competition did not only favour them by improving the Apple products it also has made other companies like Samsung to make high-quality gadgets that will also contest in the class of Apple . By this the economy is improved and the human desire is attained.

A dormant  economy without competition is programmed for failure. Competition makes companies and individuals to break what they think is their limit.

[Mr.right85]

Quality dropping, just because we could buy it cheaper means that the world is going back to a place where the rich are living life, and the poor are not living, they are surviving. There is a huge difference between surviving and living, if you are just surviving then it is not really a life worth living,

Come on man, am I getting this living and surviving thing right?
That a life were your surviving isn't a life worth living... this is some suicidal message for those surviving out there (for sure thats not what you are saying) but, its what it seems to imply. That for those who continue to hang by a thread, it's best for them to just die out!

I don't believe that. People live through there lives believing that there is hope. The hope of a better tomorrow and for some, they get to archive that while others don't. With the uncertainty of the reality of tomorrow, you've just got to live today.

Competition should go back to providing as best as you can, for as cheap as you can, and not how it is right now.

This I would agree with you. Competition should promote some quality too and not cheap quantity without quality.

[lalabotax]

but in general this business competition has indeed had a good impact, such as the rapid progress and development in all fields of industry that are entered by the business people themselves. because they do compete in providing the best. For example, the film industry is getting more advanced, the electronics industry is getting more advanced and other industries are getting more advanced.

It is true. The improvement in many industry fields will be faster if there is competition. All companies, firms, or organizations will push their efforts to provide better products or services. So, the industry in the country will be more advanced or modern both in the way they manufacture their products and the way they serve consumers. As a result, the industry fields in the country will grow fast and improve the quality standard of the products and services.

[samcrypto]

but in general this business competition has indeed had a good impact, such as the rapid progress and development in all fields of industry that are entered by the business people themselves. because they do compete in providing the best. For example, the film industry is getting more advanced, the electronics industry is getting more advanced and other industries are getting more advanced.

It is true. The improvement in many industry fields will be faster if there is competition. All companies, firms, or organizations will push their efforts to provide better products or services. So, the industry in the country will be more advanced or modern both in the way they manufacture their products and the way they serve consumers. As a result, the industry fields in the country will grow fast and improve the quality standard of the products and services.

This is a good advantage if there's no monopoly, many are able to innovate and other businesses have no choice but to adopt as well. Competition might continue to increase as we already seen a lot of innovation with our technology and most of them are for the benefit of every users. There's a lot of pros and cons in businesses which is normal, and for every company this competition is a big challenge for them, they should not avoid this one.

[RealMalatesta]

Generally, competition is very essential in a free market and without competition, there would be monopoly in the production of goods and rendering of services. And when there’s a monopoly, small business and start ups are destined to fail.

In a free market, economy competition is vital for its growth. This keeps price lowers, force companies to improve product quality and services, and fasten innovation. On the other hand, it could destroy local businesses because of the investment of foreign companies. Local small businesses and factories were forced to shut down because of their small resource. Though there are some disadvantages, a free market economy plays a vital role to increase a country's GDP growth.

Well, there are laws in business as well, so not everything is fair in business . But the idea is true, if you end up with something that profits you just a bit more, you do that. Like for example if you create a product and put it on sale at amazon, then amazon sees that you sell a lot of it, they can create their own product that could compete with yours, similar thing, and then ban you from selling yours, making them the sole seller of such a product. Is this fair? No, but is this legal? It is.

This is how competition gets screwed, small business gets screwed by the big business, and while you were selling it for 9.99, they took over and banished you and now selling it for 19.99 however they want.

[salad daging]

Every businessman, of course, there will be other competitors. This is not about convenience for them, but how to compete with common sense starting from innovating every product on offer so that loyal customers are within the reach of your business, not only that, business people must also make efforts to improve consumer needs in terms of quality, quantity, and other things that need to be considered and you can socialize to consumers what they need so they don't go to other stores.

I do a small business by opening a food shop out there too many competitors but my efforts continue to improve what consumers need, starting from inventory, product quality must be good, the price of goods must be in accordance with other prices (a slight price difference does not matter) I even continue to increase my efforts regarding other needs, such as delivering goods (food) that consumers need if they can't go to the store, doing promotions on social media so that more people see so that they are interested in my offer, there are many other things that need to be done. attention so that I still feel satisfied by consumers.

This business has been running for several months but I have to be able to do that to get bigger, even I am trying to learn how a businessman with common sense can compete well I think it needs creativity from us to be more attractive to new customers.

I am always looking for innovation everywhere including some other articles if it has become right for my business then I then i will do it.

[South Park]

but in general this business competition has indeed had a good impact, such as the rapid progress and development in all fields of industry that are entered by the business people themselves. because they do compete in providing the best. For example, the film industry is getting more advanced, the electronics industry is getting more advanced and other industries are getting more advanced.

It is true. The improvement in many industry fields will be faster if there is competition. All companies, firms, or organizations will push their efforts to provide better products or services. So, the industry in the country will be more advanced or modern both in the way they manufacture their products and the way they serve consumers. As a result, the industry fields in the country will grow fast and improve the quality standard of the products and services.

However a competitive environment can only be maintained if the authorities that are in charge of supervising that monopolies do not form do their job, and in the case of companies like Google it is obvious they have failed, they have allowed Google not only to grow without any kind of control but also to buy any competitors or companies which are doing something interesting and then they can simply appropriate that research by throwing billions of dollars at them.

[Smartvirus]

Competition is something that is very useful in our day to day society. It fosters a lot of development, quality and quantity. Instead o f having one person control the marketing of a product, you have a union in its place to determine prices of commodity. This would in turn secure the business of small scale and large scale businesses alike while putting in consideration, the customers interest and fairness as well. Make no mistakes, those hoodlums are still linging on the forum, looking for our victim with you being

[Hamphser]

Competition is something that is very useful in our day to day society. It fosters a lot of development, quality and quantity. Instead o f having one person control the marketing of a product, you have a union in its place to determine prices of commodity. This would in turn secure the business of small scale and large scale businesses alike while putting in consideration, the customers interest and fairness as well. Make no mistakes, those hoodlums are still linging on the forum, looking for our victim with you being

Competition is good for us consumers on which we could really be having lots of options that we could potentially able to choose rather than on having one or a couple and this is something inevitable for a business

to be solely be existing on the market.There would be investors or potential owners would really be looking on something which isnt saturated which they could really utilize and take advantage while it last.

Its good for consumers but not for business owners if we do speak about competition.Well, thats how business do works on which you would really be expecting that there would be someone
will really be go toe to toe for them to get at least a marketshare.

[Sir Legend]

Competition is something that is very useful in our day to day society. It fosters a lot of development, quality and quantity. Instead o f having one person control the marketing of a product, you have a union in its place to determine prices of commodity. This would in turn secure the business of small scale and large scale businesses alike while putting in consideration, the customers interest and fairness as well. Make no mistakes, those hoodlums are still linging on the forum, looking for our victim with you being

True, without competition the products produced will not be creative and even decrease, with competition the products will be good and of course provide satisfaction to customers, besides that from the price side of course consumers will get quality products that are adjusted to the price.

[so98nn]

For this very reason in our country every company irrespective of its nature and sector they have unions and associations which are formed on city level and state level. They will define the specific rules for how much to be charged for a product or service which is prime daily need or emergency stuff. For example, medicines production. There are cheap to premium drugs from same formulations however on the counter medical association will decide fixed price for all of them so that everyone can have fair business.

Because every production house knows, if they keep doing too much competitions and try to reduce the prices for their finished product they will end up producing lower quality product as they would be using cheap raw material, cheap labour workers resulting into bad quality product with low rates.

This is why it should be in synchronous and that’s what followed in my country.

But what to say, there are always businesses somewhere at the corner who will try to complicate the process.

[Crypto Legend]

Competition is a good thing to produce quality products and at low prices, the competition makes the team from the company always creative and try to be the best, if there is no competition, it is certain that the products produced will disappoint customers.

[Mate2237]

Competition is something that is very useful in our day to day society. It fosters a lot of development, quality and quantity. Instead o f having one person control the marketing of a product, you have a union in its place to determine prices of commodity. This would in turn secure the business of small scale and large scale businesses alike while putting in consideration, the customers interest and fairness as well. Make no mistakes, those hoodlums are still linging on the forum, looking for our victim with you being

O men, without competition the poor citizens can not live in the society. The competition makes things easy for the poor. I could remembered when MTN came to Nigeria in 2002, a SIM card was sold at the rate $10. So most people could not buy it because of the high price and also because there was no competition in the technological market at of that time but today a SIM card is sold at the rate of $0.23 or there are some Network providers that even give out their sim card free for people to use. Because they need customers to use their Network massively from usage of data and recharge card to make calls. All because there is a massive competition in the technology and Networking market. To some extent we thank God for the capitalist economy though it favours the  bourgeoisie the most. There is a high exploitation in the system.

[serjent05]

Competition is a good thing to produce quality products and at low prices, the competition makes the team from the company always creative and try to be the best, if there is no competition, it is certain that the products produced will disappoint customers.

True competition makes competitors on their toes.  They will give their best to win customers.  We have lots of experience here that business monopoly will only give substandard services, high prices, and slow development upgrades. 

O men, without competition the poor citizens can not live in the society.

Poor citizen can still live but it would be harder.

The competition makes things easy for the poor.

Not really but at least customers will get a premium service because each competing company will give their best to keep their customer.

I could remembered when MTN came to Nigeria in 2002, a SIM card was sold at the rate $10. So most people could not buy it because of the high price and also because there was no competition in the technological market at of that time but today a SIM card is sold at the rate of $0.23 or there are some Network providers that even give out their sim card free for people to use. Because they need customers to use their Network massively from usage of data and recharge card to make calls. All because there is a massive competition in the technology and Networking market. To some extent we thank God for the capitalist economy though it favours the  bourgeoisie the most. There is a high exploitation in the system.

Same here in the Philippines, prices are too high and service is second rate or probably third rate when the service is monopolized by one company.  Competition brings down the price of service and upscale the performance and offers.

[G_Besar]

True, without competition the products produced will not be creative and even decrease, with competition the products will be good and of course provide satisfaction to customers, besides that from the price side of course consumers will get quality products that are adjusted to the price.

Competition in business is actually very necessary because every new product that is born by a factory or company will definitely be better than the previous one or those produced by other companies. Because now every product must have more useful features and can be easier to use and can also be easier to repair when it breaks.

This means that the company must also provide qualified spare parts services for the products they have marketed, because now competition in business always occurs through products used by the community. Because each user will also judge for themselves how a product can be good or bad.

[Casdinyard]

I think as a customer, the pros of competition between enterprises definitely outweigh the cons. Given the fact that most consumers procure and use products from big companies and a small handful are into small-businesses, competition, long as its sparks innovation in between the two companies makes it so we get better products every year. As a business owner however, this still is a plus if you'll ask me because you would have to cater to your consumer's growing needs one way or another. And if competing against a big company's gonna force you to do it, then it's just fine, it's all a matter of if you can really ride the tide of the market or not, because every big company started as a small startup.

[Oilacris]

Competition is something that is very useful in our day to day society. It fosters a lot of development, quality and quantity. Instead o f having one person control the marketing of a product, you have a union in its place to determine prices of commodity. This would in turn secure the business of small scale and large scale businesses alike while putting in consideration, the customers interest and fairness as well. Make no mistakes, those hoodlums are still linging on the forum, looking for our victim with you being

O men, without competition the poor citizens can not live in the society. The competition makes things easy for the poor. I could remembered when MTN came to Nigeria in 2002, a SIM card was sold at the rate $10. So most people could not buy it because of the high price and also because there was no competition in the technological market at of that time but today a SIM card is sold at the rate of $0.23 or there are some Network providers that even give out their sim card free for people to use. Because they need customers to use their Network massively from usage of data and recharge card to make calls. All because there is a massive competition in the technology and Networking market. To some extent we thank God for the capitalist economy though it favours the  bourgeoisie the most. There is a high exploitation in the system.

You would really be expecting high prices on a certain good or commodities or things around if they arent competition around or simply they are solely the one offering something on the market which

means that they could really raise up their prices as they could since they do know that they arent someone who could really match it up and then this is where competition starts.

Its impossible that there would be no investors/business possible owners who would really be thinking on offering the same thing but a less cheaper on where pulling those consumers or buyers
which it would be that impossible that there would be no recognition into those less or cheaper price and this is indeed a beneficial thing for us consumers.

[Ahli38]

Competition is something that is very useful in our day to day society. It fosters a lot of development, quality and quantity. Instead o f having one person control the marketing of a product, you have a union in its place to determine prices of commodity. This would in turn secure the business of small scale and large scale businesses alike while putting in consideration, the customers interest and fairness as well. Make no mistakes, those hoodlums are still linging on the forum, looking for our victim with you being

indeed that is the function and benefit of the existence of a competition in business. because if a business in an area is only controlled by one company then that company will easily be able to monopolize prices. And consumers have no choice because it's the only business in the area. so that even though the cost of service/product is so expensive, consumers will definitely be forced to buy it because there is no other place to go. but if there are many business companies in an area that creates competition between business people, the price will be difficult to monopolize. instead the price will be more adjusted to the ability of consumers. to attract consumers to come. in everything there must be positive and negative, as well as in business competition there are always good and bad things.