When companies face a highly competitive environment at home, they are more likely to ______.

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18-08-2022
Social Studies

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When companies face a highly competitive environment at home, they are more likely to ______.

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monikaVT12 monikaVT12 · Answer 1 · 2022-08-26T09:03:13+02:00

When companies face a highly competitive environment at home, they are more likely to outperform global competitors that lack such intense domestic competition.

What is a competitive environment in business?

A competitive environment refers to the market environment where different businesses compete with each other by using various marketing channels, promotional strategies, pricing methods, etc.

In order to compete with the other competitors, an organization has to follow various strategies that make itself stand out. An organization should adapt the latest technology and must provide its customer with the best customer services.

In order to survive in a competitive environment, it is really important for any organization to provide its customer better and more value as compared to its competitors.

Learn more about competitive environment here:-

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