MT460 Unit Discussions
Unit 1:
How does competition amongst companies affect you in your daily life (personal and or professional)? Provide a real-world experience that might apply. For instance, consider how you recently chose between at least two products or services offered from rival companies. What factors made you decide to purchase one over the other? How do these companies compete?
1
Competition amongst companies affects my personal life as a consumer. Sometimes the competition can drive down the prices of items I want to purchase which creates consumer demand. The competition can also create companies to offer better services, new technology andhigher quality products in order to gain an advantage in the market.
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