answersLogoWhite

0

Demand and the number of competitors in an industry influence the competitive nature of a business. Another factor to competition is profit margins.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What determines the level of competitive intensity in an industry according to Porter?

Threat of new entrants -Rivalry among existing firms -Threat of substitute products or services -Bargaining power of buyers -Bargaining power of suppliers -Relative power of other stakeholders


Discuss the IT concepts of competitive strategy?

A Competitive Strategy is decisions that generate action that produces results.A competitive strategy answers the following questions. How do we define our business today and how will we define it tomorrow? In what industries or markets will we compete? The intensity of competition in an industry determines its profit potential and competitive attractiveness. How will we respond to the competitive forces in these industries or markets (from suppliers, rivals, new entrants, substitute products, customers)? What will be our fundamental approach to attaining competitive advantage (low price, differentiation, niche)? What size or market position do we plan to achieve? What will be our focus and method for growth (sales or profit margins, internally or by acquisition)?


Definition of competitive edge?

the intensity of desire or enjoyment


Is service and quality likely to be better in an industry dominated by a monopoly or in a perfectly competitive industryWhy?

Service and quality are generally better in a perfectly competitive industry than in a monopoly. In a competitive market, many businesses offer similar products or services, so each one must focus on better quality, pricing, and customer service to attract and retain customers. Competition encourages innovation and keeps businesses responsive to consumer needs. In contrast, a monopoly faces little or no competition, which can reduce the incentive to improve service or quality since customers have limited alternatives. This is why competition laws and market regulation are important to protect consumers and promote fair business practices—areas where legal guidance from KN Law LLP is often relevant.


Immediate industry and competitive environments?

The immediate industry includes the competitive environment for business. It includes all the competition within the industry and governmental agencies regulating the business.


What is the world's most competitive industry?

IT


Four factors influence an industry's competitive rivalry and competitive dynamics?

Market commonality, resource similarities, reputation, and incentives are four factors that influence an industry's competitive rivalry and competitive dynamics. They can have a positive or negative effect.


What determines which types of plants grow where?

The atmospheric conditions , soil determines what type of plant is grown. The intensity of rainfall is also considered.


What determines the resistance of a photoresistor?

The resistance of a photoresistor is inversely proportional to the intensity of the light on it.


What is the Tailoring industry in the Philippines?

tailoring industry is one of the competitive enterprises in the Philippines .


Which principle affects the average profitability possible of a market segment?

Competitive Intensity


The representative firm in a purely competitive industry?

will