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Business strategy
Benefits of competition to a business
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[QUOTE="Alexandoy, post: 69167, member: 25510"] Yes, competition is actually good not only for the customer but also for the business. As stated in your first point you will muster your innovation skills because you cannot be relaxed and sit down while the competition is eating on your market. You have to give the competition a good fight not just with the prices of your products or services but also with the way you handle your customers. That is one advantage of a diplomatic store attendant who would always give importance to the customer as if they have a guest in the store. That really makes my day when the attendant gives me special attention. [/QUOTE]
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