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What are the competitive advantages?

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Anonymous

11y ago
Updated: 8/20/2019

In a competitive environment, the customers are beneficiary the most. Due to prevailing stiff competition in the market,the manufacturers have a natural tendency to beat their competitors with the sheet power of quality,price reduction etc. By this way, they get quality products at reduced price. This in turn helps the manufacturers to upgrade their products,thus enhancing their turnover and profit margin as well.

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Wiki User

11y ago

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