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Competition increases

 
 
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amit88
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PostPosted: Sun Apr 19, 2009 10:30 pm    Post subject: Competition increases Reply with quote

I think competition has increased world wide. And so, even google has had a fall in advertising revenues Laughing
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paul
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PostPosted: Mon Apr 20, 2009 10:03 am    Post subject: Reply with quote

You don't thinik that's got anything to do with the global financial crisis then? Rolling Eyes
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figurewizard
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PostPosted: Thu Apr 23, 2009 5:27 pm    Post subject: Reply with quote

On the contrary, competition is decreasing. The recent demise of Woolworths has been a positive boon to supermarkets, especially Tesco who have tend to take non-food sales more seriously than the others. The same goes for the banks with HBOS having been taken on (to their eternal cost by Lloyds), thereby removing a major competitor at one fell swoop. I just hope that the Tories really mean it when they say that what they want is more and smaller banks. Unfortunately they are saying nothing as yet about more and smaller supermarkets.
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mgrandi
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PostPosted: Sun May 03, 2009 5:15 am    Post subject: Competition increases Reply with quote

however i think, the better the competition then more you work and the better you do
we need competition in business
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figurewizard
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PostPosted: Sun May 03, 2009 10:22 am    Post subject: Reply with quote

My Point entirely mgrandi. The more banks and supermarkets the more competition and the better it is for all of us. It is the companies that do not respond to competition in the way you suggest, such as Woolworths who will go to the wall. However this in itself creates opportunities, especially for new or young businesses, which are typically both keener and more innovative to enter the market to provide that competition.

The problem however is that this government's 'bold initiatives' in support of small companies have come to nothing. Banks are still not lending to these unless the family home's value versus the mortgage liability covers the at least twice value of any loans. Where they do lend it is at crippling rates that are at a significant multilple of the BOE base rate. The various loan guarantee schemes have failed to deliver and the scandal of the huge hikes in corporation tax enacted by Gordon Brown on the smallest companies (in some cases a potential increase of 1000% or more) in 2006 are still in place. All we have had is brave words followed by no action.

Given that small and medium sized businesses not only intensify competition to the greater good of the market but also happen to provide some 60% of all jobs in the private sector it is not just shameful that this government has failed utterly to address their issues properly, it's plain stupid.

Joe
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janicepink
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PostPosted: Fri May 15, 2009 9:23 am    Post subject: Reply with quote

when were talking about business, competition is a good way to
know if your business is growing and developing or not.
Approaching a healthy competition is a way to pursue your competitors and you to do better.
Specially now that we are experiencing global financial crisis,
most business are falling down. competition is a way to help other business IMO.
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