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Topic: Business
Number of pages / Number of words: 5 / 1296
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Competitors

  • In capitalism, it is the market force that will decide the organisations which will prosper and the ones that will perish. In pursuit of survival and growth, organisations must compete with one another. In a buyers market, the competition to win customers is even fiercer. However, the presence of competition and rivalry forces each organisation to offer quality products at minimum prices...

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In a buyers market, the competition to win customers is even fiercer. However, the presence of competition and rivalry forces each organisation to offer quality products at minimum prices. The enlightened management encourage customers to make a decision on the basis of factual information rather than aggressive advertising campaigns or discounting quality of the competitors products...


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