Chemistry, asked by abegailderraco09, 5 months ago

how does the competition affect the operation of a business

Answers

Answered by SHIVAMBANDE18122005

Explanation:

Competitors will try to win market share by cutting costs, improving efficiency, lowering price and innovating by either creating new products and services or improving upon old ones. In other words, competition tends to give consumers better goods and services at lower prices.

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