...Business Competitiveness Management Competition on the market The main and the most important process on the market Competition is a combat between individuals, groups, nations, animals, etc. for territory or allocation of resources. It arises whenever two or more parties strive for a goal which cannot be shared. Competition occures among naturally living organisms which co-exist in the same environment. Business is associated with competition as most companies are in competition with at least one other firm over the same group of customers. The Latin root for the verb „to compete” is „competere”, which means „to seek together” or „to strive together” Competition is a process in which companies try to realise their aims, and try to offer better product or service using price, quality and other tools, which influence customers decisions whether to buy something or not. The success of one group is dependent on the failure of the other competing groups. The object of competition can be a product (or service) or resource. In the first case the companies compete beetwen one another about customer, whereas in the second case about resource and conditions of buying it. At the same time companies compete for customers and resources because in order to buy resources they should sell products and to generate the product they should buy resources. Very impotortant is who competes (subject). That is why competition can occur among: - Blocks of nations (unions)...
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