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Competition is more intense in markets with a high number of similar products or services, where companies vie for the same customer base. Factors such as low barriers to entry, minimal differentiation among offerings, and high customer demand contribute to this intensity. Additionally, industries undergoing rapid technological change or innovation often experience heightened competition as businesses strive to gain a competitive edge. Ultimately, intense competition drives innovation, improves quality, and can lead to better prices for consumers.
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What is price competition?
Intense competition in which competitors cut retail prices to gain business
Does competition tends to be more intense among firms within a strategic group than between strategic groups?
Yes, competition tends to be more intense among firms within a strategic group than between strategic groups. This is because firms in the same strategic group often pursue similar business models, target the same customer segments, and offer comparable products or services, leading to direct rivalry. In contrast, firms in different strategic groups may operate with distinct strategies, pricing, and market focuses, which reduces the intensity of competition between them. Thus, intra-group competition is generally more fierce due to the closer alignment in their strategic approaches.
Why monopolistic firm produce more?
When there is no competition, the amount you can produce is dictated by the demand, while when there is competition, part of the demand is met by the competition and you can only sell enough to meet the remaining demand, thus without competition a firm looks like making more, but in reality does not.
Are there other public functions that might benefit from more competition including competition from private?
The Post Office?
What is the impact of international competition?
International competition allow consumers to have more options when it comes to products. They also help prices fall because the market is more competitive.
Is there more competition between herbivores or carnivores?
Competition between herbivores is usually more intense, as they rely on the same plant resources for survival. Carnivores may compete for prey, but because they can feed on a wider range of animals, competition may not be as intense as with herbivores.
How can you explain that competition for resources in an area is usually more intense within a single species than between two different species?
Competition within a single species is often more intense because individuals have similar resource needs and requirements. This leads to a higher degree of overlap in resource usage, resulting in more direct competition. In contrast, between different species, resource needs may differ, so competition may be less intense as species avoid direct competition by exploiting different resources.
What is price competition?
Intense competition in which competitors cut retail prices to gain business
Which team, red or blue, emerged victorious in the intense competition of Pandemic Legacy Season 1?
The red team emerged victorious in the intense competition of Pandemic Legacy Season 1.
What type of competition is the most intense?
well, it's a tie. hula hooping contests are extremely intense and river dance competitions are very dangerous and intense as well.
Is an intense competition for a food source density dependent or independent?
density dependent
In which part of an organism's range will competition for resources be most intense and why?
Competition for resources will be most intense in the central part of an organism's range, often referred to as the "core" area. This is because these regions typically provide the optimal habitat conditions, attracting a higher density of individuals and species. As resources such as food, water, and shelter become more limited in these areas, competition escalates, leading to increased interactions among individuals competing for the same necessities to survive and reproduce.
What was desire of Spaniards to drive away the Muslims from their country so intense?
Ethnic and religious competition.
Why is intraspecific competition more severe?
Intraspecific competition is more severe because individuals within the same species have similar resource requirements and compete for the same limited resources. This can lead to intense competition for food, water, mates, and territory, resulting in higher pressure to outcompete other individuals of the same species.
In which biome is there more competition for sunlight?
In the rainforest biome, there is typically more competition for sunlight among plants due to the dense vegetation and tall canopy layers that block light from reaching the forest floor. This leads to intense competition for access to sunlight to support photosynthesis and growth.
Does competition tends to be more intense among firms within a strategic group than between strategic groups?
Yes, competition tends to be more intense among firms within a strategic group than between strategic groups. This is because firms in the same strategic group often pursue similar business models, target the same customer segments, and offer comparable products or services, leading to direct rivalry. In contrast, firms in different strategic groups may operate with distinct strategies, pricing, and market focuses, which reduces the intensity of competition between them. Thus, intra-group competition is generally more fierce due to the closer alignment in their strategic approaches.
Is intense competition for a food source a density independent or density dependent?
density independent or density dependent?Intense Competitonn For A Food Source
