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OpenStudy (anonymous):
What are 3 important things businesses do when competing with each other?
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OpenStudy (anonymous):
They do many many things. Such as: They take out market research and see what the competitors are doing to be in top game with them. They use their competitor's prices to line their prices or keep them just below their competitors to get more sales. They measure the quality of their competitors' goods and try to beat it to keep their product in the best shape for higher sales. etc.
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