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What keeps businesses competitive?
Member rating: No Rating | Words: | Submitted: Thu Jul 11 2002
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Mathan Navaratnam 11F 10.02.02 What keeps businesses competitive? Section 1: Introduction A competitive firm is a business that satisfies consumers needs as well as trying to stay ahead of the competition it might have. There are two main ways in which firms stay competitive. This is by the quality of their service or product and they way in which the product or service is marketed. These two factors greatly appeal to the consumer and help them to buy the product or service on sale. Quality in a product is the factors it possesses which enables it to meet the consumer needs. The more needs a product or service will fill for a consumer, the higher quality it is. For example the needs for a mobile phone could well be that it is able to call and receive calls, able to text and able to play games on it. A phone manufacturer may fill all these...
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