what are the good and bad effects of business competition?
145610
One, his answer is true, but, in competition, you loose money on one part, but make up profit in another.  Say like for instance in Wal-Mart.  Every customer needs household chemicals, foods, etc.  Not every item, will you be losing profit.  You still have your higher profit items, that a good merchant will push to make up for in sales.  For instance, if you are losing profit in paper towels, than you will cross merchandise a paper towel holder, that is at a 50% profit. Also, if you bring in the customer, there is still that high profit department, that a customer will shop.  A good business knows how to equal out the margin. The only downside to competion, is within the businesses.  If a business can't hang with another, or know how to manage, their money, staff, and most importantely, how to take care of the customer, than they will loose.  A good merchant doesnt see a loss, but see's profit.
881521
Go to the Better Business Bureau website and there is allot of information about existing company's that are in that area, you will see the pros and cons.
758177
I'm not doing all your homework for you, but I'll help.  The biggest disadvantage of sole proprietorship is liability.  If the business goes belly up, they can come after your personal assets.  Also you are more susceptible to lawsuits.
15843
it actually depends on the product that you would like to market. there are other products that take a short time to market simply because they are easy to sell and attract customers. these products can sell themselves (basic commodities and the like). \ni suggest you study similar products in the market, the behaviour of these products, how they are sold, the strategies used by the company selling these products, among other considerations. in other words, studying the behaviour of your future competitors would be a good source of information.\n\njust my two cents.. :)
60964
This one is easy.  When a monopoly occurs it forces other companies/corporations out of business causing any number of people to be unemployed.  Unemployment and lack of knowing another trade leads to an increase in welfare, i.e., competition creates jobs and monopolies reduces jobs.
153429
Penalties for sure. Normally they are all mentioned in the purchasing contract. Losing clients trust and our credibility in business. In turn it can decreasing our income finally.
426083
A market system is driven by supply and demand.  Price of goods is thus determined by the balance between supply of goods and the demand for those goods.  High supply with low demand creates a low price (think 'SALE!').  A low supply and high demand creates a high price (think heart transplants).  The pursuit of profit will always lead to the lowest price with the highest level of supply (this is called 'competition').\n\nBest wishes and good luck.
267830
When they make a profit, they have a positive effect on national GDP.  When they operate in the red or go bust, they have a negative effect on national GDP.
79121
Competition in most fields not heavily regulated by the government is much higher.\n\nIn many cases, managment didn't adapt, and those businesses shrank or were bought.
416153
It's not a way to improve competitiveness at all. It's a way for local companies to increase profit margins by importing cheaper inferior quality crap made in a Chinese sweat shop. It also causes an increase in foreign debt which isn't a good thing and it also costs local jobs.
888570
Advantages\n# Profit from your passion, hobby or area of expertise...\n# Work from anywhere...\n# Start Easily...\n# Start Cheaply\n# Enjoy Huge Profit Margins..\n# Your Business is automated, no worries of inventory or late delivery\n\nDisadvantages :\n# People don't treat you right.. they think you are either one of those scammers or have porn sites :D\n# Because the investment is low.. there is too much competition. If you want to jump into this field, stick to it, it'll make money...\n# you become TOO lazy
289960
Some questions to ask:\n\nStrengths / Weaknesses (one parties strengths is the other's weakness, can only be done with a competing home for comparison purposes):\n- Who has the better location?\n- Are the facilities better?\n- Who has the happier / more motivated / more experienced employees?\n- Who has the bigger facility?\n- Who has the better set of services that might result in more revenue?\n- Who has the accreditation?\n- Who accepts a wider range of insurance programs?\n- Who has the higher occupancy rate?\n\nOpportunities / Threats:\n- What regulation is going on that can either hurt or help?\n- What is going on with labor relations?\n- What is going on with the demographics (age and income) of the target customers?\n- What is the relationship with key suppliers like (maintenance, products, health services, pharmaceuticals, etc.)\n- What other choices do customers have now and in the future that could compete with your home?\n\netc.
698982
To grow and develop the business.\n\nProven economic fact (take Econ 101) if a company is not actively growing, and attempting to bring in new business, the company is effectively dying.\n\nGood marketing techniques can lead to increased business, bad techniques leads to increased spending.
819406
If you try to excel in what you are doing and do it better than others, then you are a competitor.\n\ncc
536781
I'd give you some guide-lines/keywords. Check these up, and decide.\n\nE-Banking and its effects of over turnover, profitability and related costs (upgrading systems, safe-guarding from intrusion sessions).\n\nBasel 2 and its effect over banking.\nIf you are an auditor, then some topic based on CISA.\n\nHow does SME (Small Medium Enterprises) turn up to be, once financed by banks?\n\nHope it was helpfull.
681649
The best way is to ask your existing customers - they will more than happy to tell you how to improve and if you are friendly at all, they will tell you what your competition does differently that they like.\n\nCheck out the competition - it will give you ideas.
1051440
The larger, really good agencies will do your research for you about your industry, your competitors, and your customers.  They will know your company and your market better than you do..\n\nTheir main disadvantage is that they will eat your entire marketing budget and spit it out in 2 seconds flat...\n\nThe smaller ones just develop some pretty pictures and take you out to lunch.