Topic: Competition in business - page 3. (Read 989 times)

Come on man, am I getting this living and surviving thing right?
That a life were your surviving isn't a life worth living... this is some suicidal message for those surviving out there (for sure thats not what you are saying) but, its what it seems to imply. That for those who continue to hang by a thread, it's best for them to just die out!

I don't believe that. People live through there lives believing that there is hope. The hope of a better tomorrow and for some, they get to archive that while others don't. With the uncertainty of the reality of tomorrow, you've just got to live today.

This I would agree with you. Competition should promote some quality too and not cheap quantity without quality.

The Apple example is a great example you gave. Apple is consistent in producing good gadgets because they want to remain the best company in producing the most prestigious gadgets.
It is because of competition that they keep designing and redesigning and introducing more functionality into their software. The said competition did not only favour them by improving the Apple products it also has made other companies like Samsung to make high-quality gadgets that will also contest in the class of Apple . By this the economy is improved and the human desire is attained.

A dormant  economy without competition is programmed for failure. Competition makes companies and individuals to break what they think is their limit.

Quality dropping, just because we could buy it cheaper means that the world is going back to a place where the rich are living life, and the poor are not living, they are surviving. There is a huge difference between surviving and living, if you are just surviving then it is not really a life worth living, I am for example surviving, not living because when I see the real rich people and how they live, that makes me question all the things I do everyday.

Competition should go back to providing as best as you can, for as cheap as you can, and not how it is right now. I can understand places like rolex, they don't have 25k watch but also a 50$ watch, they are just expensive, that’s fine, but places that offer both cheap and expensive are causing trouble.

Well, it could also be good to a businessman who have a competitive mindset that quickly develops some marketing strategy. Without competition, business won't improve their customer support, customer, shopping, and service experience. So, in that case, market competition brings more benefits to the customers  that the business establishments.
But then again, only the strong and competitive businessmen will survive.

In the business world, competition is commonplace. and this competition always brings positive and negative impacts for the business people themselves. It depends on how the business competition takes place.
but this competition among entrepreneurs or businessmen also has a good impact on consumers from the business / business itself.

because with the competition between business people, of course they are business owners will compete in providing their best service to consumers. And of course the company with the best service will win. because consumers will certainly choose to subscribe to the company with the best service. so that consumers really become pampered from the impact of this business competition.
in addition to service, the company will also continue to strive to improve their products with innovations that are tailored to the needs and convenience of consumers.
the more business people involved in the competition, the more profitable it will be for consumers. because the prices they offer will always be adjusted to the ability of consumers.

but actually the intense competition is actually a little difficult for the business people themselves. because business people must get mental pressure in running their business. because they are required to always not lose in the competition and try to be the best. and it will really drain their minds in designing their business to continue to survive and thrive. and if they are business people who lose in competing then business failure will await them.

but in general this business competition has indeed had a good impact, such as the rapid progress and development in all fields of industry that are entered by the business people themselves. because they do compete in providing the best. For example, the film industry is getting more advanced, the electronics industry is getting more advanced and other industries are getting more advanced.

Competition do really creates lots of options for us consumers but it would really be a huge challenge into those businessowners where they are really dividing or trying out their best to get some marketshare

Its not really that surprising because there are really people who would really be tend to create a business which would really be possibly for them to have other source of income.

Making new ideas is a never ending process because all of them are really that finding new ways and products to be offered on the consumer market.
Its an advantage for us buyers but not for those business owners.

Competition is good for the customer but not for the businesses, believe me if they could every single company out there would like to destroy their competitors and keep all the market for themselves as in that way their need to be on top of everything will be reduced significantly, and even today monopolies exist, it is just that they have given themselves a more friendly look so we do not think of them as monopolies anymore, and what better example of this than Google or Facebook.

In what way can consumer get a profit? Maybe you mean is that consumers can now save more in terms of expenses because services, products, etc will now be lowered due to too much competition. A consumer can buy a cheap product and they can choose to resell it for a little higher price, that is the only way for them to get a profit.

The disadvantage of the competition as said in the op is that it can threaten the small business that are only starting but why would they be affected? If you are truly committed about your business then you need to push it and ignore all the negativities that sorrounds you. Just be original so that you can stand out from the crowd.

Yep. Competition triggers the improvement of the product or service quality. Sure, it is a good thing, this rises the standard of the quality of the products and services in a country. Every organization, company, or firm will be forced to have innovative and creative ways to deal with the competition. If they have no intention of doing that, they will be left behind. But this is also like the natural selection of a weak organization, company, or firm. The weak ones may disappear because they have no ability to compete. And the new ones will be difficult to develop during the high standard of quality.

About unhealthy competition, it should be handled by the government. There should be no space for unhealthy competition because it ruins the development of business, it kills the desire of having a better future.

That’s the beauty of a healthy competition. If those cheap alternatives aren’t innovative or good enough to meet consumer demand, it would close up shop leaving the goods with better quality and standard on the market. The consumer wins either way.

If a product comes to the market and attracts consumers with cheap prices but has low quality, consumers would very soon move on to the next alternative product on the market.

Competition is good for business like you said good product are achieved but not only products, price also goods down or stay reasonable price not like in the monopoly of market, the sole manufacturer choose good price for himself and not caring the pucket of the buyers which is the customers or end users. Competition is the main ingredient in capitalist market system. This kind of market system give opportunity for businesses to exist for better service to the customers.

Yeah, and I guess it's 50/50 for us consumers, if there could be some competition that offers cheap alternative and it's good as the original or expensive one, then definitely, consumers will go and try and maybe stick with them.

The problem is that those cheap alternatives will have to keep it that way, lower the price but the quality is still at par with the best. But as I have said, once they become famous or corner the majority, they started to raise the price as well.

Competition is a selection to get quality products or services, in countries that provide economic freedom, of course this is very good because it will make positive competition, but many occur that unhealthy competition that makes competitors die.

There is a famous saying. Everything is fair in love and war. This terms also true about business competition. In this sector, no one wants to or cares about its neutrality and unbiased or not. Winning or making a position is the only thing that matters. In this process, companies take actions in legal and illegal both ways.


In a free market, economy competition is vital for its growth. This keeps price lowers, force companies to improve product quality and services, and fasten innovation. On the other hand, it could destroy local businesses because of the investment of foreign companies. Local small businesses and factories were forced to shut down because of their small resource. Though there are some disadvantages, a free market economy plays a vital role to increase a country's GDP growth.

Business monopoly only means stagnant.  Since there is no competition in the market, the market will become boring and won't develop.  We have seen a lot of examples when an industry is monopolized by one company.

I will take our country's telecom company as an example.  Due to the communication industry being monopolized by one company, the price rate of their service is very expensive, data speed is very slow, the company is lazy for technological upgrades and customer support sucks. When new competition arrives, they tried to block it by bribing corrupt officials.  This practice is very rampant until the dynasty of what we called yellowtards ended.  When the new administration opens the door to new competitors, we have seen great improvement in the service and can be avail at a cheaper price.

With competition, customers have options to choose from.  The competition makes these participating company to offer their best service and is keen for technological advancement in order to get ahead of the race.  Service is also offered way cheaper and customer greatly benefits from the competition.

There's really a certain market basing up on categories

1. Rich-Expensive market
2. Middle class- Poor ones market

So expect that there would be business which would really be serving out those categories.
You cant really make yourself go in all every aspect or all rounder and this is something really good for
consumers but as said that you could really make out differentiation in terms of quality but of course its
something expected and depends on what you had paid for.

Competition increases the quality, and decreases the price, that is why it is always good. Of course, it should be at a legal level as well. Just to give an example, these days Amazon can sell any book they want for as cheap as they possibly can, right? That is amazing for the readers, that means thanks to Amazon we can now buy books for cheap, and if we want to, we can resell them with some loss instead of just putting it on a shelf.

However, that also means destroying all booksellers as well, we don't see too many bookshops in the world these days, do we? You need to make sure that while you are helping one, you are not destroying the other, that’s very sensitive.

One thing that wasn't calculated when considering "competition is healthy" was the fact that not everyone would have the chance to purchase the same services or items. For example, at certain point companies started to stop manufacturing the best they could for as cheap as possible, and they started to create products that was the best but expensive for the rich people, and alternative cheap versions for the poor people. Same goes for service, you want to get a website made? There is a guy who can do it for 50 bucks, and another one who can for 50k dollars, not same results, and 50k can't be afforded by most, so we are stuck with bad results.

Is crypto market actually healthy? I can say for bitcoin, it is healthy and fair to everyone in every part of its protocol, the sender, the receiver, the node validator and even the miners, they are all healthy but I can’t say for some altcoins, they can be free markets but not healthy, the projects are not even fair because ventures have become the suckers of retailers by having a greed allocations because of small seed funding, that’s not healthy and fair in my opinion.

Competition is what improves an environment, it gives everyone the idea to be versatile, this gives us the idea for improvement and no to rely on a single products but is that applicable to crypto, I’m yet to see any project that has overcome bitcoin and have the trust of people like bitcoin, free market doesn’t really apply to crypto space as we see it.

On businesses the cheapest offer would be the ones on getting much interest and demand and this is where competition starts specially on the same industry or products you would be offering.You should already

anticipate about these things yet competition would really be always there on any angle.You cant really just be the one or solely been offering those products or services.
Its really an advantage for us consumers yet we could really have lots of options or alternatives but totally that a tough thing for those sellers or businessowners.