Increased competition | Foreign Educator Teaching System





Increased competition



Impact of increased competition on consumers

Positive impact

High quality products

Lower prices

More variety provided

Negative impact

May have to pay more if competitors engage in a marketing war

 

Impact of increased competition on business

Positive impact

Operating at efficiency

Negative impact

Unable to earn abnormal profits

Less money available to grow big

 






Rating 3.00 out of 5


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