2006-12-04 12:27:58 · 8 answers · asked by theevine 1 in Business & Finance ➔ Corporations
Competition is not 'good' or 'bad.' It all depends on your perspective.
If you are selling a product or service, competition forces you to change: lower your prices, offer higher quality goods & service, etc.
If you are buying a product or service, competition gives you more choices - lower prices or better goods & services.
2006-12-04 12:32:12 · answer #1 · answered by Tom-SJ 6 · 0⤊ 1⤋
competition is great. Or it can be bad. Competition can drive prices. If Store A sells at $5 less than Store B, undoubtedly if Store B wants to remain in the market it will adjust price. So we win!
However if Store A and B decide that they want to raise prices together so you're paying 4 times the real worth of a product but have no choice (i.e. gasoline) we the consumer are paying for it.
2006-12-04 12:36:54 · answer #2 · answered by Modus Operandi 6 · 0⤊ 0⤋
Always Always good, no competition leads to monopolies.
Higher costs, lower quality.
2006-12-04 12:35:36 · answer #3 · answered by Rick D 3 · 0⤊ 0⤋
depends on what...
Life would be pretty boring without competition. I think it also depends on what the person's motive is too. I dont think its all bad
2006-12-04 12:30:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋
without competition we would more than likely still be riding horses.i think it`s great,we push our selves toward perfection.what makes it bad is those of us that lack the moral fiber to except defeat,then we lie steal and cheat.
2006-12-04 12:38:43 · answer #5 · answered by Anonymous · 1⤊ 0⤋
It is good like all things in modderation.
2006-12-04 12:34:54 · answer #6 · answered by Jacob R 2 · 0⤊ 0⤋
it is the best!!!!!!!!!!!!!!
2006-12-04 12:29:58 · answer #7 · answered by Anonymous · 1⤊ 0⤋
good..........
2006-12-06 02:26:27 · answer #8 · answered by Anonymous · 1⤊ 0⤋