INSTRUCTIONS: All you need to do here is RESPONSE to this post. Half a page, please
Explain how having strong competitors can benefit or harm a company. Use at least two examples to support your comments:
Having strong competitors can benefit a company because by knowing your competitors, and what they are offering can help the company make their products, services and marketing stand out. A company can use this knowledge to create or improve their business performance. In addition, competitors are important to a business because it helps a business identify their specific traits appealing to the consumer, that eventually will enable them to market more effectively and bring more customers. Competition among companies can encourage the investigation of better/new/more efficient products, or more efficient processes, which could in the end result in economic growth for the company.