Competition in business

[Ziskinberg]

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.

In some way, it improves services and products but on the negative side, this will also create misunderstanding and hatred.
But I like how this competition does as long as it was fair for both parties. I know the tough one will top and so we need to work hard in order to reach that level and to become competitive as well. If we are in business, make preparations for this situation whether we like it or not, some jealous people will even do things that ruin our reputation for the seek of such competition.

[Iranus]

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

Consumers are the biggest beneficiaries in this case, without competition, monopoly products will be sold at high prices and with no quality assurance, no choice. But once there are many products of the same type competing with each other, consumers have more choices in terms of design, quality as well as the price will be much cheaper.

And for businesses, competition means innovation and it drives business growth. If you do not want to lose to your opponent, you must constantly innovate and improve quality, then will help increase revenue and help your business go up.

[RealMalatesta]

Consumers are the biggest beneficiaries in this case, without competition, monopoly products will be sold at high prices and with no quality assurance, no choice. But once there are many products of the same type competing with each other, consumers have more choices in terms of design, quality as well as the price will be much cheaper.

And for businesses, competition means innovation and it drives business growth. If you do not want to lose to your opponent, you must constantly innovate and improve quality, then will help increase revenue and help your business go up.

Competition would be exactly like you said if it was fair in the world that we have right now, however there are huge companies that can destroy competition and become a monopoly as well, that's the trouble. Smaller companies could end up with building something that is better and cheaper, but the bigger companies just straight up buy them and that would be the problem.

If amazon for example could buy your product directly that would be bad for you and you shouldn't be looking out for a hope that happens, it wouldn't really be fair and competition would be gone. I personally would prefer if there was a way that you could limit a company to grow only so big, and then seperate in to two companies to make it fair.

[odunybiz]

There isn't a way you can do without competition in business. Being compete with should motivate you in doing a more quality product.

[dunfida]

There isn't a way you can do without competition in business. Being compete with should motivate you in doing a more quality product.

Yes, whether you do like it or not, you would really be having that competition on something.Lets say you've been running a business and seems there's no competition around on your place.
When these people do see that you are really earning that much, then expect that there would really be other businesses same as yours would be raised up and be available.
This is where competition starts and its true that it would really be motivates those business owners on doing the best things or stuffs which is more that better
against their competitor and just like been said by majority that us consumers are the ones who would benefit out.

[Joshapat]

There isn't a way you can do without competition in business. Being compete with should motivate you in doing a more quality product.

With competition will certainly make us creative and produce innovative ideas, without competition, we are like in a glass that will not develop and always think of being the best, but when there are competitors, we will not be able to compete.

[Sticks and stones]

There isn't a way you can do without competition in business. Being compete with should motivate you in doing a more quality product.

With competition will certainly make us creative and produce innovative ideas, without competition, we are like in a glass that will not develop and always think of being the best, but when there are competitors, we will not be able to compete.

Competition surely brings out the creativity and innovation in producers. And without a healthy competition, goods produced would be of very low standard as manufacturers would definitely choose profit over the quality of goods produced. With competition, manufacturers and producers alike would now be forced to make standard and quality goods out of fear of losing customers to rival businesses. Thanks to competition

[YUriy1991]

In my opinion, public accountability is needed, for example by conducting a poll on a product and I think this is an additional effort that needs to be made to eliminate potential elements of inaccuracy. These efforts include obtaining strong feedback from the general public and systematically correcting any instrument that is prone to error.

[South Park]

With competition will certainly make us creative and produce innovative ideas, without competition, we are like in a glass that will not develop and always think of being the best, but when there are competitors, we will not be able to compete.

Competition surely brings out the creativity and innovation in producers. And without a healthy competition, goods produced would be of very low standard as manufacturers would definitely choose profit over the quality of goods produced. With competition, manufacturers and producers alike would now be forced to make standard and quality goods out of fear of losing customers to rival businesses. Thanks to competition

And it is because of this that companies themselves hate competition, without competition they can charge whatever amount of money they want for their products and there is nothing the consumer can do, especially if it is a product they really need, so companies are always doing everything they can to reach a monopoly status and if not to at least come to an agreement with their competition, both of those things are illegal as you may guess but companies do so anyway as many governments do not care about it and they can get away with it.

[2stout]

It can be a good thing in a true free market; however, most market are only free in name only, especially when you consider prices fixing and collusion.  Sad thing is all you have to do is pay a fine and you are typically off the hook from any admission of wrong doing.

[Vaskiy]

Competence is a must in all forms of business. Whenever there exists new business it should have competence, only then it is possible to calculate the development and progress. Just being the market leader will not allow you to grow if there is no competence.

Compared to the past nowadays business have turned to be more complex. Same time there are more access available for making the business successful. In the past even with small fund it is possible to create a business and develop it. Now things were different, more the investment will be the chances to stay strong in the market as the competence is quite high.

[Bitcoin2009]

For those who think positively, they think that competition is a normal thing and must happen, competition occurs everywhere and this is natural, competition makes people be creative and keep trying to find ideas and solutions to problems that are happening so that they can make things better good.

[Smartprofit]

Competition in business is extremely important for the better performance of organisations, companies and entrepreneurs.  It helps them to grow, think different, introduce new things and ideas on market. A healthy competition is extremely important for business and it affects prices alot as everyone wants to increase its sales in market and for that they keep prices in range. Competition helps to extend  market size and to get rid of monoply.

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.

[Iroh]

Competition in business is extremely important for the better performance of organisations, companies and entrepreneurs.  It helps them to grow, think different, introduce new things and ideas on market. A healthy competition is extremely important for business and it affects prices alot as everyone wants to increase its sales in market and for that they keep prices in range. Competition helps to extend  market size and to get rid of monoply.

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.

I disagree that what you stated is a disadvantage. A healthy competition in business alone cannot begin to solve world problems. World problems are broad and they’re massive and just cause competition can’t solve world problems, it  doesn’t make it a disadvantage.

While a healthy competition in business contributes to make our markets more safer, productive and better, it shouldn’t be blamed for problems of the world cause it fails to unilaterally solve them all.

[Moeda]

A healthy competition in a free market is essential to a growing functioning economy and without a healthy competition, there is bound to be a monopoly in the production of goods and rendering of services.
.........

From what you said about competition in business by saying healthy competition, of course it is the opposite of what you said next. If there are pros and cons of course the competition will not be healthy. Because there are parties who are harmed.

For example, there are two shops that sell the same item, say clothes. Store A sells clothes for $10, and store B sells clothes for $8. Of course, consumers will choose to buy in store B, because the price is cheaper. Meanwhile, store A cannot sell for less than $10 for some reason. In this case, it has given birth to unhealthy competition.

In business, those who have a larger amount of capital, of course, will grow well, and can compete at any time. Meanwhile, those with small capital cannot run a business because they are unable to compete.

You can see businesses selling products online. There are many price differences from one site to another. And many sites have gone out of business because they are unable to compete.

In essence, if something gives rise to pros and cons, of course it will not give birth to healthy competition.

[Ryu_Ar1]

Competition in business is one of the big risks that must be faced by business people considering that currently doing business is something that is very possible to do, especially in this case it is not uncommon to run the same business with one another. This cannot be prevented because we cannot prevent other business actors from doing business in the same field which in the end is what happens in competition.
But on the other hand, this is actually a good thing because of course in competition there will also be benefits in it, as with this we can present the potential to motivate our products to be superior to other products. although this is a little difficult but even if we are in the same business field, of course with quality improvement to be superior to other brands, of course this will be something that in my opinion becomes a selling point, especially with this we also have our own characteristics.

[Lanatsa]

Competition in business is one of the big risks that must be faced by business people considering that currently doing business is something that is very possible to do, especially in this case it is not uncommon to run the same business with one another. This cannot be prevented because we cannot prevent other business actors from doing business in the same field which in the end is what happens in competition.
But on the other hand, this is actually a good thing because of course in competition there will also be benefits in it, as with this we can present the potential to motivate our products to be superior to other products. although this is a little difficult but even if we are in the same business field, of course with quality improvement to be superior to other brands, of course this will be something that in my opinion becomes a selling point, especially with this we also have our own characteristics.

Common problem or risk for those who do build up a business but for us users or consumers then it would really be that an advantage since we could really be having lots of choices or options to have.When it does

have its con's then it would really be having pro's and its for the better for majority because if competition doesnt exist then we wont really be able to progress.We would really be sticking into one thing for so

long, which we cant really be having that kind of possible integration of new ideas and concepts since people or business owners would really be just confident and contented on what they are
currently earning and since they dont have much competition then we won't really be seeing this kind of thriving for looking for some ideas.

[Fortify]

Competition can be said to be a sequence of events in which companies, organizations or firms(small and big alike) that produce similar goods and or services try to outsmart, outwit each other to ultimately come out on top of the bunch.
A healthy competition in a free market is essential to a growing functioning economy and without a healthy competition, there is bound to be a monopoly in the production of goods and rendering of services.

These are some characteristics of competition;
1. A healthy competition should always be neutral and un-biased.
2. Competition is constant and ceaseless as it goes on all the time. We all indulge in competition whether knowingly or unknowingly
3. Competition is universal, common and all embracing as it goes on all over the world.

In my view, there are more advantages than disadvantages with competition in a free market.
Here are some pros;
1. It definitely fuels innovation, growth and progress
2. It brings about creativity and also increases productivity
3. A healthy competition definitely favors the consumers as it helps lower prices and increases the quality of goods
4. It fuels innovation which in turns brings about varieties and new ideas
5. It brings about decent pricing in the production of goods

As with pros, there are also cons.
1. As a small and growing business, you’re bound to lose business to bigger and stronger firms when there’s a strong competition
2. Competition pose a threat to a small business as they could pack up and close up shop
3. A competition could very well turn into a conflict especially if it’s an unfair competition with undue advantage to one side.

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.

Competition is what drives innovation forward and is the one reason that "market" economies are so effective. Everyone is always looking to produce things more efficiently or at a cheaper cost. This can take many forms, from automating checkout machines in shops to producing a lighter weight packaging material that could save billions in freight costs. There are so many clever ideas being worked on each day, which is all spurred by the idea that you can make it big if you are able to get the products first to market, or even 3rd or 10th if the market is big enough. Unfortunately things like patents can be abused to stifle innovation if they are granted unfairly or in new sectors that deserve maximum competition.

[KennyR]

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.

[Hypnosis00]

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.