Are you in High School, College, Masters, Bachelors or Ph.D and need someone to help write your college research paper? All you need is to ask for research paper help written by a specialist in your academic field. When you buy an essay online from us, we offer you an original, nil plagiarized and unique paper written by a dedicated writer who is PhD or Masters qualified. MyEssayServices.com is an experienced service with over 9 years experience having delivered over 83,000 essays over the years.
A profitable business is bound to attract competition in form of interested investors that seek a share of the profit that the market provides to the customers. In order for the business to survive it has to deal with competition in the expeditious manner and come up with the best solution that will make it the best choice among the market. Increased competition means that there is more in supply while there might not be any change in the demand (Kotler, 2000). Competition is viable for the customer since he or she has a variety of products from which to select (Czinkota & Kotabe, 2001).
He is also guaranteed that there will be an increase in the quality of the product. On the other hand, the competition may decide on unscrupulous business practices in order to capture the attention of the customers. They may lead to the development of policies and advertisements that are misleading and hyped such that the customer is the loser (Winer, 2004). From the management perspective, increased competition is a headache since they have to safeguard their market and work harder to move into the new markets. This paper will present an argument proposing that the increased competition in the market place is a disadvantageous predicament (Budzinski, 2004).
To the stockholder, the increased completion is a threat to their dividend payout since the competition will affect the profitability of the organization. Being able to deal with the issue of competition is therefore and interest for the management and owners of the company. Competition affects the profitability through price wars that hurt the prospects of the stockholders gaining any profits and the management attaining their targets. Any time a new entrant comes in the market, there is a chance that the company will lose out some of the customers to the new player. Strategies have to be put in place to deal with the issue of increased competition (Pride & Ferrell, 2008).
Increased competition is a problem since it affects the cost of the product offering. The new entrants will seek to attain their economic profitability by selling the product at a higher price compared to the standard one. They may increase the cost of the product or the perception of the product by creating misleading adverts that create the perception in the minds of the consumers that the product is better than the others in the market. Eventually, the products, which are essentially the same, end up being sold at a higher price compared to the initial players (Sheehan, 2011). The additional frills end up making the product less affordable for the consumer. In the worst case scenario, it may lead to a substitution effect whereby the high prices for the products will drive the customers to the other products.
Increased competition may lead to the reduction of the quality of the products. Quality is often costly and since the companies are focusing on the sales volume, they may neglect the quality of the products offering such that the consumer ends up paying for a product that is substandard. Quality issues may affect the enjoyment of the service of the product. Quality issues also have an ethical perspective whereby some of the businesses may bend some of the rules in the industry in order for them to break even. Therefore, competition is an undesirable outcome that often hurts the customer more than it adds value to him.
Budzinski, O. (2004). The international competition network: prospects and limits on the road towards international competition governance. Competition & Change, 8(3), 223-242.
Czinkota, M., & Kotabe, M. (2001). Marketing management. Cincinnati: South-Western College Pub.
Kotler, P. (2000). Marketing management. Upper Saddle River, N.J.: Prentice Hall.
Pride, W., & Ferrell, O. (2008). Marketing. Boston: Houghton Mifflin Co.
Browse More Essay Topics 24/7/365 Support 11+ Yrs in Essay Writing Pay for Quality not Quantity Score that A+ Grade
Research Paper for Sale
Cheap Research Papers
Buy Term Papers
Buy Research Paper
Write My Paper
Buy an Essay
Cheap Essay Writer
Write my Essay
Paper Writing Service
Pay for Homework
Pay for Research Paper
Do My Essay for Me
Pay for Essay
College Papers for Sale
Do My Homework for Me
College Essays for Sale
Buy Research Papers Online
Buy College paper
Client: "(Berlin, G.K., CA)"
Topic title:"Leadership shortfalls in Blue Chips"
Pages: 5, (APA)
" Awesome, the writer delivered it as required by the professor. They also sent me a plagiarism & grammar report Wow!. I was worried about how the essay would turn up but this is exactly what wanted. Thank you and will be back with a longer essay"
Accounting Research Papers
Business Research Papers
Communication Research Papers
Computer Science Research Papers
Economic Research Papers
Film Studies Research Papers
Finance Research Papers
Geography Research Papers
Psychology Research Papers
Political Science Research Papers
Nursing Research Papers
World Affairs Essays