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What does Having Competitors do to your Business
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[QUOTE="Shaf, post: 269417, member: 25467"] It seems like customers are the greatest beneficiaries of competition more than business owners by having more choices to choose from, better quality of products and possibly cheaper products. A business stands to also benefit from competition in many ways. I always think of Coca-cola when I think of competition. They have been in the business for over a century and still are the best. Having competition will keep you on your toes, which makes a business owner to be more efficient and knowledgeable about ways to do things better and cheaper. You can also get inspiration from your competition. Someone might be doing something different and you can think of how to make it better for the customers. Another way I think a business can benefit from competition is in terms of marketing and acquiring customers. If you're all alone, you have to do everything from scratch, but with competition, tiu just need to use their targeting techniques to attract the same audience. [/QUOTE]
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What does Having Competitors do to your Business
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