In two to three sentences, explain how you will address each area of competition to help make your business successful against t

Question

Xelga [282]

3 years ago

12

In two to three sentences, explain how you will address each area of competition to help make your business successful against t

his competitor.

Social Studies

2 answers:

Andrews [41] · Answer 1 · 2022-09-05T08:03:38+03:00

First, I will focus on lowering prices. I will do this by making sure my costs to run the business are low, and I will start by running the shop myself. I will create a better product by using healthier, better ingredients to attract more customers. Finally, I will be innovative by offering ingredients that aren't sold anywhere else.

Masteriza [31] · Answer 2 · 2022-09-05T09:40:42+03:00

We should stay positive and keep in mind that competition is good. Instead of thinking it in a negative way, it is better to think of a plan on how your business will grow and people will patronize it instead of others. With a competitor in the same area, it would help you to be creative with your business and make your own strategy it might be in the pricing or services.