answersLogoWhite

0

Is competition in business good

User Avatar

Anonymous

14y ago
Updated: 8/17/2019

Yes, it encourages you to keep up high standards and to strive for improvement.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

Why is competition in business considered to be good?

Competition in business is considered to be good particularly to keep the business current with its prices and quality of workmanship. Business know that consumers are smart and will shop around for the best of both price and workmanship.


Why did American want to Americanized immigrants?

Because of business competition


Where would be a good place to start a chocolate shop?

A good place to start a chocolate shop is somewhere there is no existing competition. Remember that for business starters, location is primary factor to consider. Having no competition in the area will give the business a good start.


When a industry or business has no competition?

A monopoly is an industry or business having no competition.


What is the importance of competition?

Competition in business is important for several reasons. First, competition drives innovation. Second, business competition brings better quality. Finally, business competition keeps price inflation in check.


How can you set your business competitor?

You can sset your business competition by being the best business you can be and just outshine your competition.


Is competition unethical?

unethical competition in business?


What is a Business Plan Competition?

A Business Plan Competition is something that occurs between students who wish to someday work in the business field. Students who compete in the business plan competition create mock business plans.


Why does competition thrive in the business world?

because of competition


When was Inter-Collegiate Business Competition created?

Inter-Collegiate Business Competition was created in 1979.


What business courses will put me ahead of the competition?

Take courses in accounting and finance. These are tough courses that will prepare you well for the future. Taking a business course will give you knowlage that should help you get ahead of the competition. Any additional knowlage in your subject area is good of business.


How has CNN contributed most to Georgia's economic growth?

CNN has increased business and competition in Georgia.