Disadvantages of competition

Competition in Economic Market.
When talking about the competition, many people think of disadvantages. In fact, it benefits us
more than we thought. Due to (Nhờ có) the competition, companies ceaselessly (Không ngớt, Liên tục) find out
the way to attract customers. Consequently, goods are sold off and services intensify (Làm tăng thêm).
Advantages :
- Competition Makes driven to innovation all Produces
- Same produces of many firm. the price is going down day by day
- Competition in the marketplace provides the best possible product to the customer at the
best price.
- Any business with a competitive advantage is able to attract more customers than.
- The key to capturing(Dành được) competitive advantage is knowing what your customers
want and finding a way to give it to them.
- It’s all about finding some way of differentiating products and services from other
offerings. The whole purpose of business strategy is to find new sources of competitive
advantage.
Disadvantages :
- In a competitive market, the poor versions of the product or the overpriced (giá cao) will be
pushed out of the market because consumers will reject them.
- When a new product is invented. other companies begin to copy it.
- The free market system determines(quyết định) the winners and losers in each industry
based on the demands of the customer, whether industrial, business customers, or
consumers, people who buy for personal use. Result is some companies will go bankrupt.
- All company and employees will be high pressure(Áp lực) so new or renew Produces,
reduce to spend much on production. more efficient ways of making their product but
spends fewest money
Finally, most businesses also encourage competition between individual employees. An example
of this is a contest between sales representatives. The sales representative with the highest sales
(or the best improvement in sales) over a period of time would gain benefits from the employer.
Please help me if I have any mistake.