2. Degree of competition
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2. Degree of competition

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    Santosh K.
    QA
    Santosh K.

    Failure to establish a satisfactory share of the market will constitute a major area of risk for any business.

    Tashika B.
    US
    Tashika B.

    Use your competitors to further establish your small business.

    BabaJide Martins F.
    TR
    BabaJide Martins F.

    Identifying competitors in any business gives awareness to the business either in products or servies and tendency of improvement will take place so that the business can establish a satisfactory market share.

    Alice B.
    GQ
    Alice B.

    As regards to competition, the market size, efficiency and the weaknesses of one competitor, all of these facts have to be in the minds of small business men, so as to be able to stay put in their business.

    Morne V.
    ZA
    Morne V.

    It will be necessary for you to identify who your competitors are. To what extent do their operations affect your own? Can you learn from them in order to improve your efficiency? Failure to establish a satisfactory share of the market will constitute a major area of risk for any business.

    Morne V.
    ZA
    Morne V.

    It will be necessary for you to identify who your competitors are. To what extent do their operations affect your own? Can you learn from them in order to improve your efficiency? Failure to establish a satisfactory share of the market will constitute a major area of risk for any business.

    Sunday O.
    NG
    Sunday O.

    Degree of competition

    Odongo M.
    UG
    Odongo M.

    Accounting -> 2. Degree of competition 2. Degree of competition It will be necessary for you to identify who your competitors are. To what extent do their operations affect your own? Can you learn from them in order to improve your efficiency? Failure to establish a satisfactory share of the market will constitute a major area of risk for any business.

    Manish K.
    NP
    Manish K.

    Highly competition, sometimes unhealthy competition can also bring adverse condition in the organization, If business persons are unable to compete due to any reasons, risks could be in high percentage.

    Penelope M.
    US
    Penelope M.

    I totally agree, I would do my homework, in the area where I will intend to establish my business and the population as well as competitors.

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