Question

What are three ways companies can try to eliminate market competition and give one example of each ​

Answer 1

Get rid of the “wrong customers”( ones who expectations are too high/ demanding)

Avoid discounts

Ofer something that your competitors can’t have

Answer 2

Eliminate wrong consumers, prevent discounts and offer something that none of your rivals can match are three ways companies can try to eliminate market competition.

What is market competition?

Market competition is the other person or shopkeeper that is selling the same goods or services are the competitor.

Seller uses different ways to attract the customer like giving discounts, buy 1, get 1 free offer and other ways.

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