Competition Analysis

Added By MaihanNijat - Feb 20, 2012 - Marketing


Competition is a contest between individuals, groups, nations, animals, etc. for territory, a niche, or a location of resources. It arises whenever two or more parties strive for a goal which cannot be shared. Competition occurs naturally between living organisms which co-exist in the same environment. For example, animals compete over water supplies, food, etc. Humans compete for water, food. Business is often associated with competition as most companies are in competition with at least one other firm over the same group of customers.




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