how does the competitor affect the operation of a business essay 5-10 sentences
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Competition between businesses is good for customers because it means that businesses have to offer good-quality products and services at the right price . ... In addition, if one of the businesses charges a higher price for a very similar product, that business will lose customers.
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Meet Calvin. He's a freshly minted college student with a degree in computer science. He has an idea for a killer app that he thinks will blow away the competition and make him a fortune. Instead of getting a job, he decides to start a business and compete in the marketplace with his new app. Calvin is engaging in market competition. Market competition occurs when multiple businesses or individuals compete in selling goods and services in the marketplace......
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