Business Studies, asked by yashjain0, 1 year ago

what do u mean by the word competetive pressures ,competitive forces

Answers

Answered by chanchalbhardwaj2

Factors that influence the competitive position of a company in an industry or market. Competitive forces include (1) bargaining power of the buyers and suppliers, (2) threat of new entrants, and (3) rivalry among existing companies.
this is a definition of competitive forces

yashjain0: can u expalin it in more simpler language if posaible

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