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The simple answer is absolutely they do. The reason is simple any company is created to supply a product or service in one form or another. When a company opens or moves in to the same area of the market as another each will have to fight to create new, keep existing customers thus allowing the business to function and survive. If the company has shareholders then these shareholders expect a return on their investment and its the companys' board of directors that is tasked in doing just that. Competition is good for the consumer as it allows for and generates potentially improved services and and purchase savings. There are companys now who have had a monopoly of certain products and service and are now seeing new players in the market targeting their business line and customer base and are having issues dealing with the ferocious biding to take away their business.
What else can I help you with?
What are the primary sources of the competitive advantages firms use to compete in international markets?
The local market share is one of the primary sources of the competitive advantages that firms use to compete in the international market.
What are the primary sources of the competitive advantages firms use to compete in international market?
The local market share is one of the primary sources of the competitive advantages that firms use to compete in the international market.
What government payment helps domestic producers compete with a foreign firms?
Subsidies
Why must profits be zero in long-run competitive equilibrium?
The short answer: entry of new firms and exit of old ones. If profits are positive, new firms will enter the industry, piling in until they compete away all these profits. If long-term profits are negative, firms will exit until the price rises enough so that the firms who stay in the market can break even.
No firm is completely sheltered from rivals all firms compete for consumer dollars if that is so does pure monopoly exist?
If you were doing your homework properly and reading your textbook from Ashford...you wouldn't be posting this and asking someone to answer!!!!! -----from a teacher...
Why does firms compete?
fiming
True-or false-explicit collusion means when firms explicitly compete?
It is false.It means when firms explicitly agree to co-operate rather than compete.
What are the primary sources of the competitive advantages firms use to compete in international markets?
The local market share is one of the primary sources of the competitive advantages that firms use to compete in the international market.
What are the primary sources of the competitive advantages firms use to compete in international market?
The local market share is one of the primary sources of the competitive advantages that firms use to compete in the international market.
Of what considerations should firms attempting to compete on a global basis be aware?
Firms attempting to compete on a global basis should be aware that nations differ greatly in their political, legal, economic, and cultural environments
What government payment helps domestic producers compete with a foreign firms?
Subsidies
Why don't small firms grow bigger?
A lack of resources to expand is usually the answer. Small firms must keep their prices small to compete with the bigger firms and in that price it does not include the money needed for expantion.
What things do British firms need to do to compete successfully?
•To compete successfully British firms need low taxes and business rates so the running cost of the business is down so prices can be kept low, to invest in new technology and equipment to stay ahead of their competitors, low inflation so other business costs and prices can be kept down and a competitive exchange rate so the value of the pound is low so that British goods and services are cheap to foreign buyers.
Why must profits be zero in long-run competitive equilibrium?
The short answer: entry of new firms and exit of old ones. If profits are positive, new firms will enter the industry, piling in until they compete away all these profits. If long-term profits are negative, firms will exit until the price rises enough so that the firms who stay in the market can break even.
What is the strategy of Ford motor company?
The stratergies of Ford is to: Cover costs Make Profit Compete with other firms
No firm is completely sheltered from rivals all firms compete for consumer dollars if that is so does pure monopoly exist?
If you were doing your homework properly and reading your textbook from Ashford...you wouldn't be posting this and asking someone to answer!!!!! -----from a teacher...
What are three reasons for the Europeans creating the airbus consortium?
compete against the US Aerospace firms; economies of scale, geographic reach
