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Advantages of competitors in business operations include fostering innovation, as companies strive to differentiate themselves and improve their offerings. Competition can also lead to better pricing for consumers and increased efficiency within industries. However, disadvantages include the potential for market saturation, which can lead to diminished profit margins and increased pressure on companies to reduce costs. Additionally, intense competition may result in unethical practices as businesses try to outmaneuver one another.

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2d ago

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